Author Question: A preferred stockholder is sometimes referred to as a residual owner, since in essence he or she ... (Read 71 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 the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Did you know?

More than one-third of adult Americans are obese. Diseases that kill the largest number of people annually, such as heart disease, cancer, diabetes, stroke, and hypertension, can be attributed to diet.

Did you know?

Intradermal injections are somewhat difficult to correctly administer because the skin layers are so thin that it is easy to accidentally punch through to the deeper subcutaneous layer.

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

For a complete list of videos, visit our video library