This topic contains a solution. Click here to go to the answer

Author Question: Mr. Joe Lewis bought 650 shares of stocks in the Garrett Corp last year at a price of 19 per share. ... (Read 139 times)

Engineer

  • Hero Member
  • *****
  • Posts: 527
Mr. Joe Lewis bought 650 shares of stocks in the Garrett Corp last year at a price of 19 per share. The market price has now risen to 25 per share. This result indicates that Mr. Lewis could realize a capital gain if he sells his stock.
 
 Indicate whether the statement is true or false

Question 2

Maurice and Stanley have been operating a train store together for two years. After a patron slipped on some water on the floor and was injured, they began to think about their personal liability and decided to change the business form to one that would give them the same ability to pass-through profits and shared ownership and control but with little government interference. They would most likely form a
 A) limited-liability company.
  B) corporation.
  C) limited partnership
  D) syndicate.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

succesfull

  • Sr. Member
  • ****
  • Posts: 339
Answer to Question 1

True

Answer to Question 2

A




Engineer

  • Member
  • Posts: 527
Reply 2 on: Jul 14, 2018
Thanks for the timely response, appreciate it


xiaomengxian

  • Member
  • Posts: 311
Reply 3 on: Yesterday
Gracias!

 

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Did you know?

It is widely believed that giving a daily oral dose of aspirin to heart attack patients improves their chances of survival because the aspirin blocks the formation of new blood clots.

Did you know?

If you could remove all of your skin, it would weigh up to 5 pounds.

Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

For a complete list of videos, visit our video library