A small stock dividend normally results in a transfer from Retained Earnings to Contributed Capital of an amount equal to the par value of the stock
Indicate whether the statement is true or false
F
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What cost concept used in applying the cost-plus approach to product pricing includes only desired profit in the "markup"?
A) Product cost concept B) Variable cost concept C) Sunk cost concept D) Total cost concept
The key difference between whole or total package final offer arbitration and issue-by-issue final offer arbitration is that:
A. Issue by issue final offer arbitration is illegal B. The arbitrator has less freedom to choose between offers in issue-by-issue arbitration C. Issue by issue final offer arbitration is less effective in controlling the "chilling" effect D. Whole package final offer arbitration places more constraints on the arbitrator
Which of the following is NOT a characteristic of the corporate form of doing business?
a. Limited liability. b. Perpetual existence. c. Informal organization. d. Transferability of corporate shares.
Which of the following journal entries would be recorded if Christy Jones, Inc. issued stock and received $3,000?
A) Cash 3,000 Common Stock 3,000 B) Accounts Payable 3,000 Cash 3,000 C) Common Stock 3,000 Cash 3,000 D) Common Stock 3,000 Accounts Payable 3,000