Stock not assigned a value per share by the corporate charter, allowing it to be issued at any price without the possibility of a minimum legal capital deficiency, is called ________.
Fill in the blank(s) with the appropriate word(s).
no-par stock
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In testing plant and equipment balances, an auditor may physically inspect new additions listed on the summary of plant and equipment transactions for the year. This procedure is designed to obtain evidence concerning management's assertions about classes of transactions and events, and specifically, which assertion?
A. Authorization. B. Occurrence. C. Classification. D. Cutoff.
Message design logics (MDL) involve ______.
a. choosing our thoughts and deciding how to express them b. imagining how our interactions might play out c. being synonymous with “small talk” d. teaching language to our children
A sample size of 1000 is used to test a structural model of advertising effectiveness for the Coca-Cola
company. The results show that a significant relationship exists between advertising effectiveness and sales. The estimated value of the standardized path estimate is .035. The Coca-Cola management dismisses the finding. Why? A) The sample size is probably too small. B) The sample size is probably too large. C) The relationship is trivial. D) The model fit is poor. E) None of the above
If 10,000 stock warrants are issued to the general public for $10,000, and later those warrants and $150,000 are exchanged for 10,000 shares of no-par stock, the entry to record the exercise of the warrants would be:
a. Cash 150,000 Common Stock Warrants 10,000 Common Stock 160,000 b. Cash 150,000 Common Stock 140,000 Common Stock Warrants 10,000 c. Cash 150,000 Common Stock Warrants 10,000 Common Stock 150,000 Add'l Paid-in Capital-Stock Warrants 10,000 d. Cash 150,000 Warrant Stock 150,000 e. Cash 150,000 Common Stock Warrants 10,000 Warrant Stock 150,000 Add'l Paid-in Capital-Stock Warrants 10,000