The occurrence which most likely would have no effect on 2020 net income (assuming that all amounts involved are material) is the a. collection in 2020 of a receivable from a customer whose account was written off in 2019 by a charge to the allowance account.
b. settlement based on litigation in 2020 of previously unrecognized damages from a serious accident that occurred in 2018.
c. sale in 2020 of an office building contributed by a stockholder in 1989.
d. worthlessness determined in 2020 of stock purchased on a speculative basis in 2016.

Owning a word is a characteristic of a powerful a. productb. servicec. organization d. brand

Corporations with suppliers, vendors, and customers all over the globe are referred to as : a) global corporations b) international corporations c) multinational corporations d) multicultural corporations

Pennewell publishing inc. (pp) is a zero growth company. it currently has zero debt and its earnings before interest and taxes (ebit) are $80,000. pp's current cost of equity is 10%, and its tax rate is 40%. the firm has 10,000 shares of common stock outstanding selling at a price per share of $48.00. refer to the data for pennewell publishing inc. (pp). pp is considering changing its capital structure to one with 30% debt and 70% equity, based on market values. the debt would have an interest rate of 8%. the new funds would be used to repurchase stock. it is estimated that the increase in risk resulting from the added leverage would cause the required rate of return on equity to rise to 12%. if this plan were carried out, what would be pp's new value of operations? a. $484,359 b. $521,173 c. $584,653 d. $560,748 e. $487,805