Everything else remaining unchanged, if the price level in a country doubles, the quantity of money demanded
A. declines.
B. is unchanged.
C. doubles.
D. can increase or decline depending on the population of the concerned country.
Answer: C
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The primary difference between ordinary and extraordinary repairs is that extraordinary repairs
a. are an expense of the current period. b. are periodic in nature. c. are necessary to maintain the asset in good operational condition. d. extend the useful life or increase the residual value of the asset.
The significance of oil's peak production is that:
A. oil companies will have to find new revenue services. B. it serves to spread the word that fossil fuels will deplete. C. China and India will need to modify their fuel consumption patterns with peak oil. D. it lets us know how much time we have to make the adjustment to renewables.
Which of the following is correct regarding a two-for-one stock split?
a. The purpose of the split may be to decrease the value per share of the stock. b. The purpose of the split is to make a distribution to the stockholders. c. After the split, each stockholder will have greater ownership interest in the corporation. d. The value of each share of stock will increase as a result of the split.
On March 31, 2017, Park Place, Inc shows the following data on its balance sheet
Stockholders' Equity Common Stock, $1 Par, 1,180,000 shares authorized 240,000 shares issued, 230,000 shares outstanding $240,000 Paid-In Capital in Excess of Par-Common 2,560,000 Retained Earnings 4,790,000 Treasury stock, 15,000 shares at $40 -600,000 Total Stockholder's Equity $6,990,000 Assume that Park Place sells 1,500 shares of treasury stock at $33 per share. What is total stockholders' equity after this transaction? A) $6,940,500 B) $7,039,500 C) $6,979,500 D) $7,000,500