Par value
A) is established for a share of stock after it is issued.
B) is the legal capital established for a share of stock.
C) represents what a share of stock is worth.
D) represents the original selling price for a share of stock.
B
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When writing a report to inform a supervisor on the progress of a project, what type of report is being created?
A) Personal activity report B) Operating report C) Policies and procedures report D) Compliance report E) Progress report
Which of the following independent transactions would cause net income to be more than cash from operating activities?
a. A decrease in the accounts receivable account b. An increase in the merchandise inventory account c. An increase in the accounts payable account d. An increase in the accrued wages payable account e. None of these answer choices is correct.
Which source of merchandise utilizes vertical integration by a retailer?
a. company-owned b. outside, regularly used supplier c. outside, new supplier d. cooperative buying arrangement
Which of the following is an example of professional ethics?
A) A belief that discrimination is wrong based upon an experience with negative stereotyping. B) Legal requirements that employees must be US citizens or have a US work visa. C) The expectation of gifts to potential clients in a foreign country. D) An understanding with other company salespeople that you will not attempt to sell to each other's current clients. E) A company policy that prohibits attending sporting events with suppliers.