ESOPs provide all but which one of the following as benefits to an employer?
(a) company can sell its stock and redeem it without reducing the true value of the stock
(b) owner's equity can be diluted
(c) company can increase its working capital
(d) company can pay off stock-related loans and redeem stock through the use of pretax dollars
b
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Which of the following criteria may be used when determining the premium rate for an insurance applicant?
A) Religion B) Blindness C) Race D) Age"
Which statement below is TRUE about the purchase of inventory?
A) Large firms tend to have entire departments for purchasing and for accounts payable. B) All firms, large and small, need to keep detailed records of what they are buying and paying for. C) The person who records inventory purchases should not have access to the inventory. D) All of these statements are true.