Friday, March 1, 2019

Stockholders of a business enterprise are said to be the residual owners. The term residual owner means that shareholders

Stockholders of a business enterprise are said to be the residual owners. The term residual owner means that shareholders



a. are entitled to a dividend every year in which the business earns a profit.
b. have the rights to specific assets of the business.
c. bear the ultimate risks and uncertainties and receive the benefits of enterprise ownership.
d. can negotiate individual contracts on behalf of the enterprise.


Answer: bear the ultimate risks and uncertainties and receive the benefits of enterprise ownership

No comments:

Post a Comment

Assuming a current ratio of 1.2 and an acid-test ratio of 0.80, how will the purchase of inventory with cash affect each ratio?

Assuming a current ratio of 1.2 and an acid-test ratio of 0.80, how will the purchase of inventory with cash affect each ratio? A) Increase ...