Gains and losses on the purchase and resale of treasury stock may be reflected only in
a. paid-in capital and retained earnings accounts.
b. paid-in capital accounts.
c. income, paid-in capital, and retaining earnings accounts.
d. income and paid-in capital accounts.
A
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A reason that equity earnings create a problem in analyzing profitability is that equity earnings are:
a. usually greater than the related cash flow. b. less than dividends declared. c. more than dividends declared. d. extraordinary. e. nonrecurring.
Serengeti makes lightweight sunglasses with 100 percent UV protection for people who love to hunt, hike, and bike ride
Its long-term plans include the development of lenses that, in addition to protecting users from UV rays, will also have effective water-sheeting action to reduce lens spotting. This new feature will be valuable to people who fish. In terms of a SWOT analysis, the company believes it can use the ________ of its reputation as a sunglasses manufacturer for a specialized market in combination with its current manufacturing facilities and labor force to enter this new market. A) weight B) strength C) threat D) opportunity E) trend
A threat of future harm or moral pressure is not considered false imprisonment.
Answer the following statement true (T) or false (F)
Discuss the important accounting features of a periodic inventory system including accounts and procedures used.
What will be an ideal response?