A corporation reported the following equity section on its current balance sheet. The common stock is currently selling for $15.00 per share.
Which of the following would be included in the entry to record the distribution of a 15% stock dividend?
A) Common Stock—$6 Par Value would be credited for $51,300.
B) Stock Dividends would be debited for $95,400.
C) Paid-In Capital in Excess of Par—Common is debited for $95,400.
D) Stock Dividends would be credited for $51,300.
A) Common Stock—$6 Par Value would be credited for $51,300.
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Answer the following statements true (T) or false (F)
1. Intimacy is just about romance and sexuality. 2. Creating a hostile work environment is a form of sexual harassment. 3. Getting to know yourself better involves adjusting your communication style in professional settings.
Which of the following statements is true of external auditing?
a. Major focus areas are processes, including risks, controls, and effectiveness and efficiency of processes. b. External auditors perform both assurance and consulting services for public companies. c. Primary scope of services performed includes audits of financial statements. d. The primary client for a public company is upper management.
Which of the following statements does not apply to the market model?
a. It is a simpler approach than the standard version of the capital asset pricing model. b. This approach is seldom used in accounting research. c. In this model, the risk-free return is dropped from the equation. d. Abnormal returns are captured in the error term of the model.
The scope of the study is defined by thetime required to complete the simulation study and the organizational unit included in the study
a. True b. False