Cosmo Inc. issues shares of stock with a par amount of $1 per share in exchange for a machine. In accounting for the transaction:
a) If fair values of the stock and machine are unavailable, the stock should be recorded at its par amount.
b) The stock is recorded at its par amount unless the fair value of the machine is readily available.
c) Both the stock and machine are recorded at the fair value of the stock or the fair value of the machine,
whichever is more clearly determinable.
d) The machine should not be depreciated because the stock has no term to maturity

What does the phrase limited liability mean in a corporate context?

At april 1, 2019, the food and drug administration is in the process of investigating allegations of false marketing claims by hulkly muscle supplements. the fda has not yet proposed a penalty assessment. hulkly’s fiscal year ends on december 31, 2018. the company’s financial statements are issued in april 2019. required: for each of the following scenarios, determine the appropriate way to report the situation. 1. management feels an assessment is reasonably possible, and if an assessment is made an unfavorable settlement of $13 million is reasonably possible. 2. management feels an assessment is reasonably possible, and if an assessment is made an unfavorable settlement of $13 million is probable. 3. management feels an assessment is probable, and if an assessment is made an unfavorable settlement of $13 million is reasonably possible. 4. management feels an assessment is probable, and if an assessment is made an unfavorable settlement of $13 million is probable.

Microsoft's stock price peaked at 6118% of its ipo price more than 13 years after the ipo suppose that $10,000 invested in microsoft at its ipo price had been worth $600,000 (6000% of the ipo price) after exactly 13 years. what interest rate, compounded annually, does this represent? (round your answer to two decimal places.)