Flagler Corporation shows a total of $460,000 in its Common Stock account and $1,060,000 in its Paid-in Capital Excess account. The par value of Flagler's common stock is $4. How many shares of Flagler stock have been issued?
A. 380,000
B. 265,000
C. 115,000
D. The number of shares cannot be determined using the information provided.
Answer: C
You might also like to view...
Wheels conducts exhaustive customer surveys to discover customer preferences and attitudes towards the brand. Sally uses cluster analysis to classify the data and help the company determine the trends in the information. Sally is using the technique of ________.
A) data management B) data marketing C) data governance D) data accumulation E) data mining
Which of the following is not considered as a complicating factor in capital investment decisions?
A) Income Tax B) Lease versus Capital Investment C) Equal Proposal Lives D) Qualitative Considerations
Suppose you are a marketing manager at Procter & Gamble for a new, all-purpose cleaning product. List four marketing mix variables and describe the decisions and activities associated with each.
What will be an ideal response?
Job 910 was recently completed. The following data have been recorded on its job cost sheet: Direct materials$3,193 Direct labor-hours 21labor-hoursDirect labor wage rate$12per labor-hourMachine-hours 166machine-hours The Corporation applies manufacturing overhead on the basis of machine-hours. The predetermined overhead rate is $15 per machine-hour. The total cost that would be recorded on the job cost sheet for Job 910 would be:
A. $3,760 B. $5,935 C. $3,445 D. $3,220