If a person entitled to enforce an instrument refuses a tender of payment, the refusal wholly discharges to the extent of the amount of tender every party who has a right of recourse against the party making tender
Indicate whether the statement is true or false
True
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The stockholders' equity section of the balance sheet for Scuba Gear Corporation appeared as follows before its recent stock dividend: Common stock, $5 par, 100,000 shares issued and outstanding $ 500,000 Additional paid-in capital 100,000 Retained earnings 725,000 Total stockholders' equity $1,325,000 Scuba Gear declared a 10% stock dividend when the market price per share was $8 . After the
stock dividend was distributed, the components of the stockholders' equity section were: Common Stock Add'l. Paid-in Capital Retained Earnings a. $580,000 $100,000 $645,000 b. $550,000 $100,000 $675,000 c. $550,000 $130,000 $645,000 d. There would be no change in the components of stockholders' equity.
The value to consumers that comes from having the offering available where consumers need it constitutes ________ utility.
A. form B. place C. time D. possession E. market
A key difference between the AFL and the CIO in their early years was:
A. The CIO embraced a business union model. B. The AFL welcomed women into its ranks. C. The AFL had close ties to radical groups such as communists and socialists. D. The CIO relied more heavily on aggressive tactics such as sit-down strikes.
Harvest Corporation's capital stock at December 31 consisted of the following: (a) Common stock, $2 par value; 100,000 shares authorized, issued, and outstanding. (b) 10% noncumulative, nonconvertible preferred stock, $100 par value; 1,000 shares authorized, issued, and outstanding. Harvest's common stock, which is listed on a major stock exchange, was quoted at $4 per share on December 31
Harvest's net income for the year ended December 31 was $50,000 . The yearly preferred dividend was declared. No capital stock transactions occurred. What was the price- earnings ratio on Harvest's common stock at December 31? a. 6 to 1 b. 8 to 1 c. 10 to 1 d. 16 to 1