In the stockholders' equity section of a corporation's balance sheet, how is treasury stock treated?
a. Cost of treasury stock is added to retained earnings.
b. Cost of treasury stock is subtracted from retained earnings and total paid-in capital to give total stockholders' equity.
c. Par value of treasury stock is subtracted from retained earnings and total paid-in capital to give total stockholders' equity
d. Par value of treasury stock is added to retained earnings.
e. Treasury stock is an asset that is not listed in the stockholders' equity section.
b
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A. supervision B. motivation C. management D. leadership E. strategy
Which of the following is not one of methods used by GAAP for treating value changes?
a. Recognize value changes on the balance sheet and income statement when they are realized in a market transaction b. Recognize value changes in the income statement when the value changes occur over time, but recognize them on the balance sheet when they are realized in a market transaction c. Recognize value changes on the balance sheet when the value changes occur over time, but recognize them in the income statement when they are realized in a market transaction d. Recognize value changes on the balance sheet and income statement when they occur over time, even though they are not realized in a market transaction
In the British Isles, Guinness brewery was given the right to produce and market Budweiser beer by Anheuser-Busch, its U.S. brand owner. Because Guinness pays Anheuser-Busch royalties for the use of its brand, this is an example of a(n) ________
A) licensing agreement B) export merchant C) joint venture D) marketing mix alliance E) direct investment by Anheuser-Busch
The reporting of investing activities in the statement of cash flows is identical under either the direct or indirect methods.
Answer the following statement true (T) or false (F)