Slotting fees are legal
Indicate whether the statement is true or false
TRUE
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The following information has been obtained from the Brewster Corporation: 250,000 shares of common stock were outstanding on January 1, 2018. 30,000 shares of preferred stock were issued on March 1, 2018. 12,000 shares of common stock were purchased on April 1, 2018. 10,000 shares of common stock were issued on October 1, 2018. What is the weighted average number of shares to be used in the calculation of basic earnings per share for 2018?
A. 278,000 B. 248,000 C. 268,500 D. 243,500
The time value of money concept works on the principle that a dollar today is worth more than a dollar tomorrow.
Answer the following statement true (T) or false (F)
Laurel Speckle received a check from State University. She indorsed the check as follows: "For Deposit only, /s/ Laurel Speckle." Laurel's indorsement is a(n)
a. blank indorsement. b. special indorsement. c. restrictive indorsement. d. improper indorsement.
Buttercup Florist uses the allowance method to account for uncollectible accounts. Unable to collect a $150 account from a customer, Buttercup determined it was uncollectible. How would the write-off of this account affect the elements of the company's financial statements? Assets=Liab.+Stk.EquityRev.?Exp.=Net Inc.Stmt of CashFlowsA.- - NANA NA NA?OAB.NA NA NANA NA NANAC.- + NANA NA NA?FAD.NA - -NA + -NA
A. Option A B. Option B C. Option C D. Option D