When bonds payable are converted into stock, the carrying value of the bonds should be
a. credited to Retained Earnings.
b. credited to contributed capital accounts.
c. debited to Retained Earnings.
d. debited to Loss on Conversion of Bonds.
B
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Violations of antitrust law are either per se violations or rule of reason violations. What are the differences between these two types of violations? Give examples of each
________ occurs when a firm puts a limit on the amount of its investments
A) Capital structure B) Capital rationing C) Working capital management D) Marginal structure
James Ronan was a 58-year-old employee at an office supply store that was acquired by Staple's. After the acquisition, many of the Staple's employees were young and were put in most of the management positions. Over a two-year period, Ronan's managers often referred to him as "old guy", "old coot", and "old goat". He was told that the goal was to get him and other older employees out because of
their higher wages and more costly benefit packages. Finally, Ronan had enough and quit his job. He filed suit against Staple's. Which of the following is correct?? A) ?Ronan does not have an ADEA case based on comments. B) ?Ronan does have an ADEA case because he was treated differently on the basis of age. C) ?Ronan does not have an ADEA case because the issue was his pay and benefits cost, not his age. D) ?Ronan does not have an ADEA case because he quit voluntarily and was not fired due to his age.
In Scheerer v. Fisher where Scheerer, a real estate agent, sued Fisher for failing to pay Scheerer for his services in locating property for Fisher, the appeals court held that:
a. there was no contract or basis for payment to Scheerer b. there was an implied contract and so Scheerer must be paid c. there was implied contract, but there was no need to pay Scheerer since the original deal fell through d. there was no contract, but Scheerer should be paid anyway, out of good will e. none of the other choices are correct