Which of the following is true of common stock?
A) It is often considered quasi-debt due to fixed payment obligation.
B) It has less restrictive covenants than debt.
C) It gives the holder voting rights which permit selection of the firm's directors.
D) Its holders have priority over preferred stockholders in the event of liquidation of assets.
C
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Many companies use well-known celebrities as spokespeople in their TV advertisements. A study was conducted to determine whether brand awareness of female TV viewers and the gender of the spokesperson are independent
Each in a sample of 300 female TV viewers was asked to identify a product advertised by a celebrity spokesperson. The gender of the spokesperson and whether or not the viewer could identify the product was recorded. The numbers in each category are given below. Male Celebrity Female Celebrity Identified product 41 61 Could not identify 109 89 Referring to these sample data, which of the following values is the correct value of the test statistic? A) Approximately 9.48 B) Nearly 23.0 C) About 3.84 D) Approximately 5.94
Match the accounting principle or assumption that is most applicable to each of the following. Each term should be used only once
a. monetary-unit assumption b. historical-cost principle c. going-concern assumption d. revenue-recognition principle e. matching principle _____ 1. Team Shirts reports assets valued at the original transaction price. _____ 2. The expenses incurred by Team Shirts in March were subtracted from March revenues to calculate the profit for March. _____ 3. Team Shirts reports the amounts on its financial statements in dollars. _____ 4. Team Shirts reports amounts earned even though cash has not yet been collected. _____ 5. Tom has plans to run Team Shirts indefinitely.