On June 1 . Continental Company issued 8,000 shares of its $10 par common stock to Divide for a tract of land. The stock had a fair market value of $18 per share on this date. On Divide's last property tax bill, the land was assessed at $96,000 . Continental should record an increase in Additional Paid-In Capital of
a. $96,000.
b. $64,000.
c. $40,000.
d. $16,000.
B
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The Narrows Company makes the following entry in its accounting records: Inventory ................................. 400 Cost of Goods Sold...................... 400 This entry would be made when
a. merchandise is sold and the periodic inventory method is used. b. merchandise is sold and the perpetual inventory method is used. c. merchandise is returned and the perpetual inventory method is used. d. merchandise is returned and the periodic inventory method is used.
Low birthrates and low levels of immigration are leading to a decline in populations in many developed countries.
Answer the following statement true (T) or false (F)
A professor at a local university noted that the exam grades of her students were normally distributed with a mean of 73 and a standard deviation of 11. If 69.5 percent of the students received grades of C or better, what is the minimum score of those who received C's?
A. 70.39 B. 67.39 C. 50.39 D. 65.39
Treat suggestions from your supervisor or coworkers as opportunities to learn how to improve
Indicate whether the statement is true or false