Laguna's Corporation issued 30,000 shares of $5 par value common stock for $300,000 . The journal entry to record the transaction is:
a. Cash 300,000
Common Stock 300,000
b. Cash 150,000
Common Stock 150,000
c. Cash 300,000
Common Stock 150,000
Additional Paid-In Capital 150,000
d. Cash 150,000
Additional Paid-In Capital 150,000
C
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Which of the following incorrectly states the role of banks in import/export transactions involving a letter of credit (L/C)?
A) The exporter's bank is the advising and/or confirming bank. B) The importer's bank is the advising and/or confirming bank. C) The importer's bank is the advising, confirming, and issuing bank. D) The exporter's bank is the advising, confirming, and issuing bank. E) The importer's bank is neither advising nor confirming bank.
The overall best solution in a nonlinear program is a
A) global optimum. B) local optimum. C) binary optimum. D) nonlinear optimum. E) goal optimum.
Mango Corporation believes that Melon Corporation engages in anticom¬peti-tive behavior in an attempt to drive Mango and its other competitors out of the market. Antitrust laws can be enforced against Melon by
a. Mango and Melon's other competitors. b. Mango and Melon's customers. c. any federal government agency. d. any business with a significant impact on interstate commerce.
The standard deduction for each spouse filing separately is the same as for a single filer
Indicate whether the statement is true or false