Bravo Bistro, Inc The stockholders' equity section of the December 31, 2011, balance sheet for Bravo Bistro appeared as follows: Common stock, $3 par, 2,000 shares issued and outstanding $ 6,000 Additional paid-in capital 1,000 Retained earnings 5,400 Total stockholders' equity $12,400 Assume that all of the 2,000 shares of Bravo's stock that was issued as of December 31, 2011, was issued for
$3.50 per share. On March 1, 2012, Bravo reacquired 1,000 shares of its common stock for $4.50 per share. Refer to the information presented above for Bravo Bistro, Inc The journal entry to record the transaction on March 1 includes a credit to what account and for what amount?
A) $3,000 to paid-in capital from treasury stock transactions
B) $4,500 to treasury stock
C) $3,000 to common stock
D) $4,500 to cash
D
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Excellent leaders assess each situation and then select the leadership style and accompanying communication style that best fits the situation using three factors: the leader-follower relationship, the task structure, and the position power. This is a situational leadership theory called
a. Blake and Mouton’s Managerial Grid. b. Contingency Theory. c. Hersey and Blanchard’s Situational Leadership Theory. d. being a transformational leader.
Cash flows from operating activities, as reported on the statement of cash flows, would include:
A) receipts from the sale of investments. B) net income. C) payments of dividends. D) receipts from the issuance of common stock.
Choose the correct word or words in parentheses. (Us, We) interns share information about our assignments
Which of the following is an example of the planning function of the budgeting process?
A) A budget demands integrated input from different business units and functions. B) Employees are motivated to achieve the goals set by the budget. C) Budget figures are used to evaluate the performance of managers. D) The budget outlines a specific course of action for the coming period.