Which Act was passed to take care of the thousands of abandoned toxic waste sites around the country?
a) The Toxic Substances Control Act
b) The Medical Waste Tracking Act
c) The Comprehensive Environmental Response, Compensation, and Liability Act
d) The Resource Conservation and Recovery Act
Answer: c) The Comprehensive Environmental Response, Compensation, and Liability Act
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Lafayette, Inc was incorporated on January 1, 2014
Lafayette issued 15,000 shares of common stock and 800 shares of preferred stock on that date. The preferred stock is cumulative, $100 par, with an 12% dividend rate. Lafayette has not paid any dividends yet. In 2017, Lafayette had its first profitable year, and on November 1, 2017, Lafayette declared a total dividend of $44,000. What is the total amount that will be paid to common stockholders? A) $9,600 B) $38,400 C) $5,600 D) $44,000
The initial outlays and operating costs of large projects can be forecast with great accuracy, but revenues are more uncertain and large errors are not uncommon
Indicate whether the statement is true or false