The revised Model Business Corporation Act (MBCA) does not permit promises of future services and promissory notes to be exchanged for shares.
Answer the following statement true (T) or false (F)
False
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Which one of the following statements is not true?
A) Treasury stock transactions do not result in gains or losses on the income statement. B) The treasury stock account is treated as a contra-shareholders' equity account C) The total amount of shareholders' equity is unaffected by the method used to account for treasury stock. D) Treasury stock transactions may result in an increase to retained earnings.
Consider each situation for Kathy, Inc. below independently. ? · Kathy, Inc. issued 10,000 shares of its $25 par common stock (current fair value of common is $35 per share) for a large tract of land. The land was appraised at $400,000. Kathy already had 500,000 shares of common stock outstanding. · Kathy, Inc. issued 2,000 shares of $10 par Class A common stock at $12 and 100 shares of no-par Class B common stock at $20. Required: a.At what amount should land be recorded?b.What is the total amount that should be recorded for additional paid-in capital from the second situation?
What will be an ideal response?
Research on global change has led to well-developed theories of the process of global change.
Answer the following statement true (T) or false (F)
In the context of the product characteristics that can be used to predict and explain the rate of acceptance and diffusion,__________represents the degree of difficulty involved in understanding and using a new product
Fill in the blanks with correct word.