Which of the following is not an accurate statement regarding the distinction between debt and equity?

Public corporations are required by law or regulation to perform all of the following except:

The legal life of most patents is:

In computing earnings per share, the number of shares used is:

The board of directors’ primary functions include all of the following except:

Which of the following is an example of a loss contingency that should be disclosed in a footnote to a company’s financial statements?

The financial statements of a corporation that failed during the current year to pay any dividends on its cumulative preferred stock should:

On April 1, year 1, Cricket Corporation issues $60 million of 12%, 10-year bonds payable at par. Interest on the bonds is payable semiannually each April 1 and October 1. With respect to this bond issue, Cricket Corporation’s balance sheet at December 31, Year 1, will include:

When a corporation has a right to redeem bonds in advance of the maturity date, the bond is considered a:

All of the following may be considered intangible assets except: