A corporation issues 50 "packages" of securities for $154 per package. Each package consists of three shares of $5 par common stock and one share of $50 par preferred stock. If the market values of $40 per share for the common stock and $100 per share for preferred stock are known, the journal entry to record the sale would assign a total value to the preferred stock of
A) $3,500.
B) $4,200.
C) $5,775.
D) $6,000.
A
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Vested benefits are
A) estimated benefits. B) not contingent on future service to a company. C) to be received as a lump sum payment. D) lost when employment is terminated.
Which of the following statements is true of the references section of a formal report?
A. The references section is a part of the report text. B. If a report includes endnotes rather than in-text parenthetical citations, the endnotes precede the references. C. Using word-processing software to create footnotes and endnotes increases the chances of introducing errors in the report. D. The references section includes questionnaires and accompanying transmittal letters, summary tabulations, and verbatim comments from respondents.
Transformational leadership ______.
A. is a valuable and widely used approach B. is not an approach that scholars find useful C. is not an approach that practitioners find useful D. is an approach used only at the upper-management levels
When indirect labor is recorded for a job in process, the work in process account is debited
Indicate whether the statement is true or false