A corporation issued 6,000 shares of its $2 par value common stock in exchange for land that has a market value of $84,000. The entry to record this transaction would include:
A. A credit to Common Stock for $84,000.
B. A credit to Paid-in Capital in Excess of Par Value, Common Stock for $72,000.
C. A debit to Land for $12,000.
D. A credit to Land for $12,000.
E. A debit to Common Stock for $12,000.
Answer: B
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Under Armour's decision to add athletic shoes to its apparel line in 2006 is an example of a ________ strategy
A) market penetration B) market development C) downsizing D) diversification E) product development
The matching convention assigns _____ to the related _____
a. expenses; revenues b. revenues; revenues c. assets; liabilities d. liabilities; assets e. assets; shareholders' equity
Bloomingdale's wants to learn about its consumers' attitudes toward online purchases. There are numerous studies that are available about consumers and online buying, but Bloomingdale's believes its customers might be different from the usual online consumer profile, so they decide to conduct their own study. If Bloomingdale's were to use the available data about consumer attitudes, it would be using ___ data; however, if Bloomingdale's does its own study it would collect ______ data.
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