The civil penalty for a person who trades on inside information:
a. is payable into the U.S. Treasury.
b. must be imposed as a result of an action brought within three years after the date of the purchase or sale.
c. is, for a controlling person, up to the greater of $1 million or two times the profit gained or loss avoided as a result of the controlled person's violation.
d. All of these.
a
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A company purchased 500 units for $40 each on January 31. It purchased 200 units for $35 each on February 28. It sold a total of 200 units for $50 each from March 1 through December 31. If the company uses the weighted-average inventory costing method, calculate the cost of ending inventory on December 31. (Assume that the company uses a perpetual inventory system. Round any intermediate calculations two decimal places, and your final answer to the nearest dollar.)
A) $27,000 B) $19,285 C) $7,715 D) $18,750
Laguna's Corporation sold for $10,000 plant assets that cost $20,000 and that had an accumulated depreciation of $4,000 . The journal entry to record the transaction is:
a. Cash 10,000 Plant Assets 10,000 b. Plant Assets 16,000 Cash 16,000 c. Cash 10,000 Accumulated Depreciation 4,000 Loss on Sale of Plant Assets 6,000 Plant Assets 20,000 d. Cash 10,000 Loss on Sale of Plant Assets 6,000 Plant Assets 16,000
Section 2-________ of the Uniform Commercial Code deals with electronic communication of an acceptance by an offeree
A) 213 B) 207 C) 202 D) 201
On the ________, cash dividends become a liability of a corporation
A) declaration date B) date of record C) last day of the fiscal year D) payment date