If common stock is issued for an amount greater than par value, the excess should be credited to
a. Retained Earnings
b. Cash
c. Legal Capital
d. Paid-In Capital in Excess of Par
d
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Arco Corporation declared a cash dividend on June 2 of $6 per common share. The company has 2,000 shares of common stock authorized, 1,000 shares issued, and 200 in the treasury. The entry to record the declaration of the cash dividend increases
a. a liability. b. an asset. c. an expense. d. a stockholders' equity account.
Using a freight forwarder usually
A. is not economical for a small firm. B. increases transit time and shipping costs. C. increases transit time and sometimes lowers shipping costs. D. lowers shipping costs for a large firm. E. reduces transit time.
Which of the four items listed below is not a type of production process?
A. Assembly. B. Batch. C. Job Flow. D. Job Shop. E. Continuous Flow.
A recent study of Internet consumers from 60 countries found that more people trusted ads on TV than ads on social networks.
Answer the following statement true (T) or false (F)