Laws that define and establish legal rights and regulate behavior are referred to as:
a. procedural laws b. moral laws
c. judicial ethics d. stare decisis
e. none of the other choices are correct
e
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Museum Corporation acquired a new manufacturing building by issuing 10,000 shares of its $50 par value preferred stock with a $75 per share market price. Similar buildings have recently cost $780,000 . What are the effects of this transaction on the accounting equation for Museum?
a. Building and Preferred Stock increase $780,000. b. Building and Preferred Stock increase $500,000. c. Building increases $780,000? Preferred Stock increases $500,000? Additional Paidin Capital—Preferred increases $280,000. d. Building increases $750,000? Preferred Stock increases $500,000? Additional Paidin Capital—Preferred increases $250,000.
Which of the following represents the proper order of financial statement preparation?
a. Statement of cash flows, balance sheet, income statement, statement of retained earnings b. Statement of retained earnings, income statement, statement of cash flows, balance sheet c. Balance sheet, statement of cash flows, statement of retained earnings, income statement d. Income statement, statement of retained earnings, balance sheet, statement of cash flows
Large retailers such as J.C.Penney's and Target are most likely to participate in which of the following channels?
A. Producer, industrial distributors, retailers, consumers B. Producer, consumers C. Producer, wholesalers, retailers, consumers D. Producer, retailers, consumers E. Producer, agents, wholesalers, retailers, consumers
A country's overall level of interest rates should have an impact on the financial account of the BOP. Relatively low real interest rates should normally stimulate an outflow of capital seeking higher interest rates in other country currencies
Indicate whether the statement is true or false.