If an attorney wishes to have all documents created and stored electronically, the attorney is creating a:

La Jolla Corporation, a manufacturer of ethnic foods, contracted in 2011 to purchase 1,000 pounds of a spice mixture at $5.25 per pound, delivery to be made in spring of 2012. By 12/31/11, the price per pound of the spice mixture had risen to $5.95 per pound. In 2011, La Jolla should recognize

a) a loss of $2,500 b) a loss of $300 c) no gain or loss d) a gain of $300

Because of the extensive research conducted in recent years in the area of capital structure theory, it is now possible for financial managers to pinpoint with great accuracy a firm's optimal capital structure

Indicate whether the statement is true or false