Which of the following is/are true?
a. Cost is the economic sacrifice made to acquire goods or services
b. When the good or service acquired has reliably measurable future benefits to a firm, the cost is an asset.
c. When the firm consumes the good or service, the cost is an expense.
d. All of the above are true.
e. None of the above are true.
D
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Market segments are defined as
A) specific sections in a retail store where a particular product can be found. B) distinctions between media connectors and non-media connectors. C) categories of media organizations identified by region served. D) groups of consumers with identifiable, shared characteristics. E) fractional estimates of a product's newsworthiness relative to its competition.
Jamal encourages risk taking and is appreciated for his or her candor and openness. He is most likely a:
A) Challenger B) Communicator C) Collaborator D) Contributor
In the Oliver v. Orleans Parish School Bd. case, the trial court's determination that the defendant's actions were unauthorized and unjustified was ______, which defeats the tortious interference with contract claim.?
A) ?libelous B) ?defamatory C) ?"clearly wrong" D) ?a breach of contract
During the year, Todd Corporation issued 200 shares of $20 par value common stock for $50 a share. A total of 500 shares were authorized. In addition, the company purchased 75 shares of treasury stock at $44 a share. Which of the following best presents the related lines in the stockholders' equity section of the company's balance sheet?
A.
| Common stock, $50 market value, 500 shares authorized, 200 shares issued, 125 outstanding | $ | 10,000 | |
| Less: Treasury stock, 75 shares @ $44 per share | (3,300 | ) |
B.
| Common stock, $20 par value, 500 shares authorized, 200 shares issued and outstanding | $ | 4,000 | |
| Paid in capital in excess of par - Common | 6,000 | ||
| Less: Treasury stock, 75 shares @ $20 par | (1,500 | ) |
C.
| Common stock, $20 par value, 500 shares authorized, 200 shares issued, 125 outstanding | $ | 4,000 | |
| Paid in capital in excess of par - Common | 6,000 | ||
| Less: Treasury stock, 75 shares @ $44 per share | (3,300 | ) |
D.
| Common stock, $20 par value, 500 shares authorized, 200 shares issued, 425 outstanding | $ | 8,500 | |
| Paid in capital in excess of par - Common | 11,050 | ||
| Less: Treasury stock, 75 shares @ $44 per share | (3,300 | ) |