Ogilvie Corp. issued 12,000 shares of no-par stock for $40 per share. Ogilvie was authorized to issue 35,000 shares. What effect will this event have on the company's financial statements?
A. Increase cash flow from investing activities by $480,000.
B. Increase assets by $480,000, increase equity by $480,000.
C. Increase assets by $1,400,000, increase equity by $1,400,000.
D. None of these answer choices are correct.
Answer: B
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Which of the following is not true?
a. For accounting purposes, goodwill arises only when a firm acquires another entity in an external market transaction and pays more for that entity than the fair value of the identifiable assets net of identifiable liabilities. b. Goodwill is the excess of the amount paid for the acquired company over the fair value of identifiable net assets. c. Goodwill, because it includes unidentifiable intangible resources, has an indefinite life. d. Indefinite does not mean infinite, only not knowable. e. Firms amortize goodwill.
Which of the following represents a unilateral offer?
a. "I will pay you $50 if you mow my lawn." b. "I will pay you $50 if you promise to trim that tree." c. "I will pay you $50 for your CD player." d. "I will pay you $50 for your backpack."
The supply chain planning phase exceeds the supply chain design phase in duration
Indicate whether the statement is true or false.
Cost ________ is a major advantage of outsourcing project work because companies can secure competitive prices for contracted services, especially if the work can be outsourced offshore.
Fill in the blank(s) with the appropriate word(s).