Which of the following is an element of a joint venture?
A. A measure of proprietorship of joint control of the enterprise
B. A joint interest as reflected in the contribution of skill by at least one party to the joint venture
C. A manifestation of intent by one of the parties to be associated as a joint venture
D. An express or implied agreement to carry on a continuing business
Answer: A
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Research has also shown that when people feel there is a discrepancy between the way they hope to be seen and how they are currently seen, they are ______ to manage impressions.
A. less motivated B. unlikely C. gung ho D. more likely
When using the indirect method to calculate and report net cash provided or used by operating activities, which of the following is subtracted from net income?
A. Depreciation expense. B. Decrease in income taxes payable. C. Amortization of intangible assets. D. Bad debts expense. E. Decrease in merchandise inventory.
Which of the following can be used by an accountant to counter liability imposed under Section 11(a) of the Securities Act of 1933?
A) the nolo contendere rule B) the due diligence defense C) the Ultramares doctrine D) the foreseeability standard
Garber Corporation had 40,000 shares of $10 par common stock outstanding on January 1, Year 2. On June 1, Year 2, Garber purchased 5,000 shares of its own stock on the open market for $22 per share and held it as treasury stock. On October 1, Year 2, Garber declared and issued a 10% stock dividend. The market value of Garber's stock was $24 per share on October 1, Year 2. Garber's board of directors declared and paid a cash dividend of $57,750 on December 15, Year 2. Required:a) Prepare the journal entry to record the treasury stock purchase.b) Prepare the journal entry to record the stock dividend.c) Prepare the journal entry to record the cash dividend.d) What was the cash dividend per share that was paid on December 15?
What will be an ideal response?