Which of the following would NOT be reported for capital stock in the contributed capital section of a classified balance sheet?
a. Dividends per share
b. Shares authorized
c. Shares issued
d. Shares outstanding
A
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In the financial crisis in 2008 and 2009, ________ banks with a total of $3.2 trillion in assets were rescued by the FDIC using the assistance method.
A. 1,300 B. 130 C. 13 D. 2
Poole Company began business on January 1, 2015 . The corporate charter authorized issuance of 5,000 shares of $1 par value common stock, and 4,000 shares of $8 par value, 6% cumulative preferred stock. None of the preferred shares were issued. On July 1, Poole issued 1,000 shares of common stock in exchange for two years rent on a retail location. The cash rental price is $2,400 per month and
the rental period begins on July 1 . The correct entry to record the July 1 transaction will a. Increase Cash, $57,600; Decrease Prepaid Rent, $57,600 b. Increase Prepaid Rent, $57,600; Increase Common Stock, $57,600 c. Increase Prepaid Rent, $57,600? Increase Common Stock, $1,000? Increase Additional Paidin Capital—Common, $56,600 d. Increase Prepaid Rent, $57,600? Increase Common Stock, $5,000? Increase Additional Paidin Capital—Common, $52,600
A business realizes a net profit of $3 million and a return on assets of 6%. The total assets of the business will be ________
A) $5 million B) $20 million C) $18 million D) $50 million E) $36 million
Goodwill is the amount by which specific assets of a subsidiary are undervalued
Indicate whether the statement is true or false