Author Question: A preferred stockholder is sometimes referred to as a residual owner, since in essence he or she ... (Read 57 times)

folubunmi

  • Hero Member
  • *****
  • Posts: 524
A preferred stockholder is sometimes referred to as a residual owner, since in essence he or she receives what is leftthe residualafter all other claims on the firm's income and assets have been satisfied.
 
  Indicate whether the statement is true or false

Question 2

A corporation ________.
 
  A) must use the straight-line depreciation method for tax purposes and double declining depreciation method financial reporting purposes
  B) can use straight-line depreciation method for tax purposes and MACRS depreciation method financial reporting purposes
  C) can use different depreciation methods for tax and financial reporting purposes
  D) must use different depreciation method for tax purposes, but strictly mandated depreciation methods for financial reporting purposes



karmakat49

  • Sr. Member
  • ****
  • Posts: 369
Answer to Question 1

FALSE

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

The types of cancer that alpha interferons are used to treat include hairy cell leukemia, melanoma, follicular non-Hodgkin's lymphoma, and AIDS-related Kaposi's sarcoma.

For a complete list of videos, visit our video library