A corporation purchases 10,000 shares of its own $10 par common stock for $35 per share, recording it at cost. What will be the effect on total stockholders' equity?

A) increase, $100,000
B) increase, $350,000
C) decrease, $100,000
D) decrease, $350,000


D

Business

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Decisions related to selecting the conjoint analysis procedure include all of the following except ________

A) whether perception or preference data are being scaled B) whether to average the data at the individual-respondent level or the aggregate level C) which grouping procedure to use D) which model for estimating parameters should be specified

Business

U.S. GAAP and IFRS provide criteria for distinguishing operating leases from capital leases. Which of the following is/are not true?

a. U.S. GAAP provides four criteria, any one of which qualifies a lease as a capital lease. b. IFRS provides general criteria for identifying the entity enjoying the rewards and incurring the risk. c. Firms cannot currently apply the fair value option to capital leases. d. The FASB and the IASB have undertaken a joint project involving the lessee's accounting for leases which may result in treating all leases as operating leases. e. all of the above

Business

The UCC prohibits assignments of $5,000 or more

a. True b. False Indicate whether the statement is true or false

Business

The terms and conditions of a bond are set forth in its:

A. articles. B. underwriting agreement. C. indenture. D. restrictive covenants. E. call provision.

Business