In the rare instance when a par value stock is issued at a cash price below par, the excess of the par value over the amount of cash received should be
A) credited to a liability account.
B) debited to the Retained Earnings account.
C) debited to an account titled Discount on Capital Stock.
D) credited to the Retained Earnings account.
C
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Berry's is a chain of shoe stores. The marketing team suggested that the company use permission marketing. How can this benefit the company?
What will be an ideal response?
U.S. GAAP and IFRS require firms to classify marketable securities that are neither debt securities held to maturity nor trading securities as securities available-for-sale
Indicate whether the statement is true or false
The cash basis of accounting records expenses when:
a. cash is paid. b. expense is incurred. c. the books of accounts are closed. d. cash is received.
When communicating benefits programs to employees, it is a good idea to use
A. technical legal language to avoid subsequent liability. B. one uniform method to communicate to all employees. C. multiple media techniques. D. graphics and presentation software to conceal unpleasant news.