Indicate whether each of the following statements is true or false.
1. the corporation is an entity separate and distinct from its owners.
2. the liability of stockholders is normally limited to their investment in the corporation.
3. the relatively low amount of government regulation of corporations is an advantage of the corporate form of business.
4. there is no journal entry to record the authorization of capital stock.
5. no-par value stock is quite rare today.

How does having a flexible mind you become a better employee? a. it you become more honest toward work. b. it you become a team player. c. it you learn new things that will better your performance. d. it you to finish your work on time. e. it you reach work on time

Adamson company manufactures four lines of garden tools. as a result of an activity analysis, the accounting department has identified eight activity cost pools. each of the product lines is produced in large batches, with the whole plant devoted to one product at a time. classify each of the following activities or costs as either unit-level, batch-level, product-level, or facility-level. activities (a) machining parts. (b) product design. (c) plant maintenance. (d) machine setup. (e) assembling parts. (f) purchasing raw materials. (g) property taxes. (h) painting.

What would not cause duff beer’s production possibilities curve to expand in the short run? a. improved manufacturing technology b. additional resources c. increased demand