The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume that 60,000 shares were originally issued and 10,000 were subsequently reacquired. What is the number of shares outstanding?
A) 40,000 shares
B) 70,000 shares
C) 50,000 shares
D) 60,000 shares
C
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For work done during June, Prints Company incurred direct materials costs of $150,000 and conversion costs of $225,000. The company employs a traditional operating philosophy. At the end of August, it was determined that the Work in Process Inventory account had been assigned $2,000 of costs, and the ending balance of the Finished Goods Inventory account was $5,000. There were no beginning
inventory balances. Using the information provided for Prints Company, how much was charged to the Cost of Goods Sold account during June? A) $378,000 B) $380,000 C) $375,000 D) $368,000
The ________ Amendment to the U.S. Constitution prohibits the government from conducting unreasonable searches of individuals
A) First B) Fourth C) Fifth D) Sixth
If there is a minor breach of contract the contract still continues
Indicate whether the statement is true or false
When interviewing a promising prospective employee, it is best to only have one interviewer. This helps you be sure that you understand the individual as well as possible.
Answer the following statement true (T) or false (F)