Explain what amount is recorded in the Additional Paid-in Capital account when stock is issued
The amount recorded in the Additional Paid-in Capital account is the excess of the amount the stock was sold at above par.
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The prospect says, "Your price for this satellite system is 12 percent higher than your competitor's." The salesperson responds, "Are you saying that price is more important than quality?" The salesperson is using which technique for meeting objections?
A. Compensation B. Pass up C. Boomerang D. Rephrase E. Denial
Algonquin Company reported assets of $50,000, liabilities of $22,000 and common stock of $15,000. Based on this information only, what is the amount of the company's retained earnings?
A. $57,000. B. $7,000. C. $87,000. D. $13,000.
The ______ among countries were dramatically increased with the advent of free trade areas in the 1990s.
A. multinational corporations B. economic interconnections C. organizational boundaries D. economic turmoil
Charlene hears about a reward being offered by the local television station for information leading to the arrest and conviction of a local rapist. She supplies the requested information and the suspect is then arrested and convicted. In this case:
a. Charlene cannot collect the money unless the offer was specifically made to her by the station. b. the offer by the television station was an offer made to the general public to enter into a unilateral contract, which offer Charlene has accepted. c. because Charlene failed to notify the station of her intention to supply the information before actually doing so, she has not accepted their offer. d. Charlene was just doing her duty as a citizen and has no right to the payment of any money.