Task: Please assist with these questions - True or False
1. Each 100 shares of a stock gives the owner only 1 vote at any corporate meeting. _____
2. The shareholders of a corporation are personally liable for any legal actions taken against the corporation._____
3. Depreciation shown on an income statement is actual cash that the company lost.______
4. The balance sheet equation is Liabilities = Assets + Owner's Equity._____
5. If you own 80% of the stock in a corporation, you can usually win any vote you approve._____
6. The current ratio is an indication of a company's long-term solvency_____