A jury that cannot come to a unanimous decision about the defendant's guilt is called a(n) ________ jury.
A. grand
B. open
C. struck
D. hung
Answer: D
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Total payroll for a given week is $34,000. If 70 percent of the company's employees typically qualify to receive two weeks' paid vacation per year (50 weeks), the entry to record estimated liability for vacation pay for the week is
A) Estimated Liability for Vacation Pay 2,380 Cash 2,380 B) Vacation Pay Expense 1,360 Cash 1,360 C) Vacation Pay Expense 952 Estimated Liability for Vacation Pay 952 D) Cash 476 Estimated Liability for Vacation Pay 476
Most firms use one type of discounting model
Indicate whether the statement is true or false
Which of the following statements regarding external auditors is true?
a. they are employees of the IRS who evaluate the internal controls of companies filing tax returns b. they are hired by a company to evaluate the effectiveness of internal controls c. they cannot evaluate the system of internal controls of the company that employs them because they are not independent d. they preform internal controls for the companies that employs them
Centurion Alarms recently declared a 10 percent stock dividend. Prior to the stock dividend, the equity section on Centurion's balance sheet was: ? Common stock (100,000 shares outstanding, $1 par value) $100,000 Additional paid-in capital 60,000 Retained earnings 90,000
Total common shareholders' equity $250,000 ? Centurion's stock currently sells for $4 per share. After the stock dividend is paid, the amount in the Common stock account should be _______ and the amount in the Retained earnings account should be ______. A. $110,000; $50,000 B. $100,000; $90,000 C. $140,000; $50,000 D. $100,000; $50,000 E. $90,000; $110,000