The top governing body of a corporation is known as the incorporators. stockholders. management. officers. board of directors.

Katie sells her personal use automobile for $12,000. she purchased the car three years ago for $25,000. what is katie's recognized gain or loss that should be reported on her income tax return.

Bramble, Inc. decided on January 1 to discontinue its telescope manufacturing division. On July 1, the division's assets with a book value of $1272000 are sold for $898000.

Red Mountain, Inc. bonds have a face value of $1,000. The bonds carry a 7 percent coupon, pay interest semiannual, and mature in 13.5 years. What is the current price of these bonds if the yield to maturity is 6.82 percent? A. $989.50 B. $994.56 C.

Suppose the Fed raises the required reserve ratio, a move that is normally thought to reduce the money supply.

Free Cash Flow Catering Corp. reported free cash flows for 2008 of $8.08 million and investment in operating capital of $2.08 million. Catering listed $1.08 million in depreciation expense and $2.08 million in taxes on its 2008 income statement.

One reason there is political opposition to international trade is that: the potential gains from specialization and trade are small. trade does not increase the total value of goods and services produced by a nation.

On January 2, year 2, Air, Inc. agreed to pay its former president $300,000 under a deferred compensation arrangement. Air should have recorded this expense in year 1 but did not do so.

A home improvement firm has quoted a price of? $9,800 to fix up? eric's backyard. five years? ago, eric put? $7,500 into a home improvement account that has earned an average of? 5.25% per year.

A budget surplus a. exists when government spending is greater than tax revenues. b. causes government debt to increase. c. occurs when the government has debt equal to zero. d. reduces the government's debt.

Monique was looking for a venue for her wedding reception. When she visited one potential location, she noticed that the landscaping was not complete, and there was stained carpet in the lobby.