The primary objective of trade promotions is to motivate salespeople

Indicate whether the statement is true or false


FALSE

Business

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The journal entry to issue 1,000,000 shares of $5 par common stock for $6.75 per share on January 2nd would be:

A) Jan 2 Cash 6,750,000Common Stock 5,000,000Paid-In Capital in Excess of Par - C/S 1,750,000 B) Jan 2 Cash 5,000,000Common Stock 5,000,000 C) Jan 2 Cash 5,000,000Paid-In Capital in Excess of Par - C/S 1,750,000Common Stock 6,750,000 D) Jan 2 Cash 1,000,000Common Stock 1,000,000

Business

A corporation received its charter and began business this year. The company is authorized to issue 500,000 shares of $100 par, 6%, noncumulative, nonparticipating preferred stock, and 1,000,000 shares of no-par common stock. The following selected transactions occurred during this year: Mar. 5Issued 250 shares of preferred stock for $102 cash per share. July 15Exchanged 750 shares of common stock for $12,000 in legal services incurred in the organization of the company. Prepare journal entries to record these transactions.

What will be an ideal response?

Business

Congress has established thirteen judicial circuits (twelve numbered circuits plus the District of Columbia circuit), each having a court known as the Court of Appeals

a. True b. False Indicate whether the statement is true or false

Business

Why do firms choose to outsourcing instead of insourcing?

What will be an ideal response?

Business