On September 1, 2013, Marker Corporation declared and issued a 20 percent common stock dividend. Prior to this date, Marker had 20,000 shares of $2 par value common stock that were both issued and outstanding. The market value of Marker's stock was $20 per share at the time the dividend was issued. As a result of this stock dividend, Marker's total stockholders' equity
a. decreased by $40,000.
b. decreased by $400,000.
c. increased by $400,000.
d. increased by $40,000.
e. did not change.
E
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All assets are tangible in nature
a. True b. False Indicate whether the statement is true or false
When there are numerous property and equipment transactions during the year, an auditor planning to set control risk at low usually plans to obtain an understanding of internal control and to perform:
A. extensive tests of current year property and equipment transactions. B. analytical procedures for property and equipment balances at the end of the year. C. tests of controls and extensive tests of property and equipment balances at the end of the year. D. tests of controls and limited tests of current year property and equipment transactions.
According to the critical industrial relations school, balancing power between labor and management is:
A. Not possible within a capitalistic system because management domination is built into the very political, legal, and economic structure of society B. Not possible within a capitalistic system because workers far outnumber employers and will therefore always be at an advantage C. Possible within a capitalistic system with the proper structure of laws and regulations D. Inherently present within a capitalistic system due to the invisible hand of Adam Smith (i.e., free market competition)
Which of the following is not one of the characteristics of supportive communication?
a. It is person oriented, not problem oriented. b. It encourages being descriptive not evaluative. c. It is specific not general. d. It is conjunctive, not disjunctive.