Ahostile takeover is said to occur when another corporation or group of investors gains voting control over a firm and replaces the old managers. if the old managers were managing the firm inefficiently, then hostile takeovers can improve the economy. however, hostile takeovers are controversial, and legislative actions have been taken to make them more difficult to undertake.

a) true
b) false

On the first day of the fiscal year, a company issues an $7,500,000, 8%, five-year bond that pays semiannual interest of $300,000 ($7,500,000 × 8% × ½), receiving cash of $7,740,000. journalize the first interest payment and the amortization of the related bond premium. round to the nearest dollar. if an amount box does not require an entry, leave it blank.

Amanda works as an industrial designer

Kimberly has been jonah in preparing his personal income tax forms for a couple of years. jonah's boss recommended kimberly because she had done a good job setting up the company's new accounting system. jonah is very satisfied with kimberly's work and feels that the fees she charges are quite reasonable. kimberly would be classified as a(n) (a) independent auditor (b) private accountant (c) public accountant (d) accounting broker