A firm issued 10,000 shares of $2 par-value common stock, receiving proceeds of $40 per share. The amount recorded for the paid-in capital in excess of par account is ________
A) $420,000
B) $380,000
C) $400,000
D) $800,000
B
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In order to use poison pills, staggered boards of directors, and supermajority voting as takeover defenses, they must first be authorized by the shareholders
a. True b. False Indicate whether the statement is true or false
The International Accounting Standards board (IASB) has the authority to impose its standards on companies around the world.
Answer the following statement true (T) or false (F)
Large aircraft manufacturers normally use:
A. Simple costing. B. Job order costing. C. Mixed costing. D. Full costing. E. Process costing.
The Merit Systems Protection Board issues a rule. Like other administrative agencies' rules, this rule is as? A) binding as a law passed by Congress
B) persuasive as an expert's opinion. C) suggestive as a newspaper's editorial. D) unenforceable as a salesperson's puffery.