Piercing the corporate veil means revealing to shareholders the internal rules of corporate management.

a. True

b. False

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Kuhns corp. has 200,000 shares of preferred stock outstanding that is cumulative and 100,000 common stock outstanding. the preferred dividend is $3.00 per share and has not been paid for three years.

Universal Containers would like to remove data silos and connect their legacy CRM together with their ERP and with Salesforce.

The following information was used by the Long Corporation to prepare a cash budget for April: Cash balance beginning of April $ 16,000 Expected cash receipts in April 272,000 Sales salaries paid 62,000 Material purchases (all cash) 94,000

Which of the following items did Joe include in his fixed expenses? A. insurance B. utilities C. food D. rent

When a tax is levied on buyers of tea, a. buyers of tea and sellers of tea both are made worse off. b. buyers of tea are made worse off, and the well-being of sellers is unaffected. c.

Which of the following is not correct? a. A tax places a wedge between the price that buyers pay and the price that sellers receive. b. In the new after-tax equilibrium, buyers and sellers share the burden of the tax. c.

The major benefit of diversification is the: a. increased expected return. b. removal of all negative risk assets from the portfolio. c. reduction in the portfolio's total risk. d. reduction in the portfolio's systematic risk.

Dougherty Corporation purchased a new delivery van for use in its dry-cleaning business. As part of the purchase of the van the following costs were incurred: Acquisition cost 30,000, Sales tax 1,800, Title transfer 250, paid to the company logo on

Horatio Alger is the product manager for Brand X, a consumer product with a retail price of $1.20. Retail margins are 35% while wholesalers take an 11.5% margin.