When does a cash dividend become a legal liability?

a. never, because it is paid

b. on date of record

c. on date of payment?

Tim's employer offers him the option to buy 200 shares of the company for $250 a share. If the company has issued 40,000 shares, what percentage of the company can Tim buy using his stock options? Select the best answer from the choices provided.

A company that manages apartments decides to buy 15 new dishwashers at a list price of $550 each as replacements for old dishwashers in a small apartment complex it owns.

A cost, which does not involve cash outlay, is called: a. Historical cost b. Imputed cost and c. Out of pocket cost

Intangible assets that have an indefinite useful life: a. Are those whose acquisition costs is not amortized over their useful life. b.

Dave's Dogs is a firm that originally sold hotdogs and soft drinks from a cart located in front of City Hall. Then Dave purchased another hotdog cart and hired someone to sell hotdogs and soft drinks near the high school.

A property will provide $10,000 at the end of each year forever. if its value is $125,000, what must be the discount rate?

On July 1, Shady Creek Resort borrowed $250,000 cash by signing a 10-year, 8% installment note requiring equal payments each June 30 of $37,258. What is the appropriate journal entry to record the issuance of the note? A.

A person driving a car has the duty to exercise what standard of care?

Organizations face three kinds of specific buying situations. they are new buy, straight rebuy, and modified rebuy. collectively, these situations are called:

Widmer Company had gross wages of $310,000 during the week ended June 17. The amount of wages subject to social security tax was $310,000, while the amount of wages subject to federal and state unemployment taxes was $35,000.