Rights always stand alone, without any duties
Indicate whether the statement is true or false
False
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The Vernon Corporation was formed on January 2, 2018. The company sold 20,000 shares of $8.00 par value stock for $20.00 per share. On July 1, 2018, Vernon bought back 4,000 shares of stock for $24.00 per share. The treasury stock was resold on September 1, 2018 for $32.00 per share.Which one of the following is the entry to record the original sale of the stock?
A.
| DR Common stock | 160,000 | ? |
| DR Paid-in capital in excess of par | 240,000 | ? |
| CR Cash | ? | 400,000 |
B.
| DR Common stock | 240,000 | ? |
| DR Paid-in capital in excess of par | 160,000 | ? |
| CR Cash | ? | 400,000 |
C.
| DR Cash | 400,000 | ? |
| CR Common stock | ? | 240,000 |
| CR Paid-in capital in excess of par | ? | 160,000 |
D.
| DR Cash | 400,000 | ? |
| CR Common stock | ? | 160,000 |
| CR Paid-in capital in excess of par | ? | 240,000 |
In the stockholders' equity section of a classified balance sheet, a distinction is made between amounts invested by owners and amounts accumulated from business earnings
a. True b. False Indicate whether the statement is true or false
Answer the following statements true (T) or false (F)
1.As international trade proceeds, a country will produce more of its import- competing product 2.A country with high wages can export to a country with low wages, given sufficiently high labor productivity in the exporting country. 3.In his empirical test of the principle of comparative advantage, G. MacDougall found that relatively high export ratios are associated with relatively high labor productivity. 4.Critics maintain that outsourcing by American businesses results in jobs moving to low-wage countries, to the disadvantage of American workers 5.In justifying its production outsourcing strategy, Apple Inc. notes that American workers lack the speed and flexibility the firm needs to produce products such as Ipods and Ipads
What commonly causes the frequency of sales calls made by a salesperson to increase?
What will be an ideal response?