Lawrenceville Co reported the following: Common stock, $3 par, 10,000 shares authorized, 5,000 shares issued and outstanding What is the effect of a 10% stock dividend if the market price of the common stock is $30 per share when the dividend is declared?
a. Cash decreases $30,000.
b. Retained earnings in the amount of $15,000 is transferred to the contributed capital accounts.
c. Additional Paid-in Capital decreases $30,000.
d. A stock dividend has no effect on any stockholders' equity accounts.
b
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When a general partner sells his or her partnership interests, the purchaser:
A. is granted automatic partnership by operation of law. B. does not become a partner until he or she is unanimously accepted by the other partners. C. does not become a partner until he or she is nominated by the director and unanimously accepted by other members. D. is granted partnership only after he divests all interests in other general partnerships.
Perry Rodriguez wants to create a network of prospects for his landscaping business. Which of the following would be the LEAST effective method?
A. Sending contacts unflattering information about the competition B. Sending contacts monthly sales promotional items C. Sending thank-you notes to people who give him leads D. Focusing on meeting center-of-influence people E. Asking open-ended, feel-good types of questions
Items such as sales tickets, bank statements, checks, and purchase orders are examples of a business's source documents.
Answer the following statement true (T) or false (F)
If a nominal independent variable has 4 possible categories, the number of dummy variables needed to uniquely represent these categories is:
a. 5. b. 4. c. 3. d. 2.