Publicly owned corporations are those which are financed by the proceeds from the treasury securities. Indicate whether the statement is true or false ANSWER FALSE
Date: September 19th, 2020
Publicly owned corporations with more than $5 million assets are required by the Securities and Exchange Commission (SEC) and individual state securities commissions to provide their stockholders with an annual stockholders’ report. Indicate whether the statement is true or false ANSWER TRUE
Date: September 19th, 2020
The president’s letter, the first component of the stockholders’ report, is the primary communication from management to a firm’s employees. Indicate whether the statement is true or false ANSWER FALSE
Date: September 19th, 2020
Common stock dividends paid to stockholders is equal to the earnings available for common stockholders divided by the number of shares of common stock outstanding. Indicate whether the statement is true or false ANSWER FALSE
Date: September 19th, 2020
A DRIP is one form of dollar cost averaging. Indicate whether the statement is true or false ANSWER TRUE
Date: September 19th, 2020
A will can be automatically revoked by a change in family status. Indicate whether the statement is true or false ANSWER TRUE
Date: September 19th, 2020
An insurance company can cancel an entire class of disability income replacement policies if they contain a class cancelable provision. Indicate whether the statement is true or false ANSWER TRUE
Date: September 19th, 2020
The court process for validating the will and transferring assets specified in the will is known as probate. Indicate whether the statement is true or false ANSWER TRUE
Date: September 19th, 2020
Disability insurers are generally unwilling to provide insurance replacing more than 60- 70% of lost income. Indicate whether the statement is true or false ANSWER TRUE
Date: September 19th, 2020
When driving a company car your personal auto policy may not cover you. Indicate whether the statement is true or false ANSWER TRUE
Date: September 19th, 2020
