A CEO concerned about variability of earnings per share may try to offset high operating leverage
with a capital structure that is mostly debt in order to take advantage of the interest tax shield.
Indicate whether the statement is true or false
FALSE
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Discrimination caused by policies that apply to everyone and seem neutral but have the effect of disadvantaging a protected group is known as:
A. reverse discrimination. B. disparate impact. C. glass ceiling. D. quid pro quo.
At December 31 year-end, Crain Corporation has an $8,400 note receivable from a customer. Interest of 10% has accrued for 10 months on the note. What will Crain's financial statements report for this situation at December 31?
A The balance sheet will report the note receivable of $8,400. B. The balance sheet will report the note receivable of $8,400 and interest receivable of $700. C. Nothing because the business has not received the cash yet. D. The income statement will report a note receivable of $8,400.