An administrative department provides services that benefit other internal units of an organization
Indicate whether the statement is true or false
T
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Evert Company recently acquired 5,000 shares of its $2 par value common stock for $10 per share. Evert initially issued the stock for $7.50 per share. Required:
Assuming the shares were purchased as treasury shares, prepare the necessary journal entry to record the purchase of the 5,000 shares.Continuing with the assumption that the shares were purchased as treasury shares, prepare the journal entry to record the sale of 2,500 shares of the treasury stock for $11.50 per share. Continuing with the assumption that the shares were purchased as treasury shares, prepare the journal entry to record the subsequent sale of 2,000 shares of treasury stock for $9.75 per share. Assuming the shares were purchased and retired, prepare the journal entry to record the retirement of the shares. What will be an ideal response?
Answer the following statements true (T) or false (F)
1. The term “general public” refers to individuals who are members of fraternal organizations. 2. According to Worth, a nonprofit organization may be found representing every side of an issue. 3. A political action committee may claim tax-deductible gifts. 4. According to the IRS, all political action committees may lobby. 5. In the life cycle of a social change issue, “climbing the agenda” refers to advocacy groups raising the volume on a particular issue.
Los Angeles International Airport reported that on average, ____ laptops per week are lost on its premises.
A. 300 B. 600 C. 1,200 D. 2,000
Subtracting accumulated depletion from the asset account coal mine would yield the:
A) current market value of the coal mine. B) original cost of the coal mine. C) net book value of the coal mine. D) current period's depletion expense for the coal mine.