The concept of ________ holds that only a person unaware of his or her own identity can make a truly ethical decision.
A. the "veil of ignorance"
B. "strategic philosophy"
C. the "light of day" principle
D. a transcendent education
E. the "sunshine" ethical framework
Answer: A
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Cash provided by issuing stock to owners should be reported as cash:
A. inflows from investing activities. B. outflows from financing activities. C. outflows from investing activities. D. inflows from financing activities.
The first stage in the organizational innovation process is _____.
Fill in the blank(s) with the appropriate word(s).
If indirect costs are a significant percentage of total project costs, reductions in project time can represent very real savings.
Answer the following statement true (T) or false (F)
Dan Druff Shampoo has 1,000,000 shares of common stock authorized with a par of $1 per share, of which 500,000 shares are outstanding. When the market value was $9 per share, Druff issued a stock dividend by which for each ten shares held, one share was issued as a stock dividend. The par per share did not change. What entry did Druff record for this transaction?
A.
| Paid-in capital-excess of par | 450,000 | |
| Common stock | 50,000 | |
| Retained earnings | 400,000 |
B.
| Retained earnings | 50,000 | |
| Common stock | 50,000 |
C.
| Paid-in capital-excess of par | 50,000 | |
| Common stock | 50,000 |
D.
| Retained earnings | 450,000 | |
| Common stock | 50,000 | |
| Paid-in capital-excess of par | 400,000 |