Statutory accounting has emphasized the balance sheet in its concern for protecting the policyholders by focusing on the financial solvency of the insurance corporation
Indicate whether the statement is true or false
T
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The stockholders' equity section of the December 31, 2014, balance sheet is provided below
Common Stock, $30 par, 20,000 shares issued and outstanding $600,000 Paid-in Capital in Excess of Par--Common Stock 240,000 Retained Earnings 700,000 Stockholders' Equity $1,540,000 Assume that all of the 20,000 shares of stock that was issued as of December 31, 2014, was issued for $42 per share. On March 1, 2015, the company reacquired 4,000 shares of its common stock for $50 per share. Refer to Ladder Distributors. How much should be reported on the company's March 31, 2015, balance sheet for treasury stock? a. $168,000 b. $32,000 c. $128,000 d. $200,000
Which of the following is a consumer sale under consumer protection legislation?
A) The purchase of an alarm clock for home use. B) The purchase of an alarm clock for business use C) The purchase of an alarm clock for resale to a friend D) The purchase of an alarm clock for use in a business but which is occasionally also used at home. E) Both A and D
Obtains in a merger if some aspect of the financial configuration of the merged firm causes its market value to be greater than the sum of the market values of the separate firms
a. Operating synergy b. Financial synergy c. Business synchronization d. Economies of scope
An object is the subject of a sentence with an active voice, and the ________ expresses an operation
A) action B) subject C) verb D) voice