Outstanding shares of stock are
a. authorized shares that have not yet been issued.
b. also called treasury shares.
c. shares of stock owned by unknown individuals.
d. issued shares that are still in circulation.
D
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The ratio of benefits to costs is one way to think of ________
A) sustainability B) profits C) value D) competitive advantage E) distinctive competency
Ad-on International is an advertising company. It estimated the overhead costs for March, 2014, to be $950,000 and direct labor hours to be 5,000 hours. In March, it incurred overhead costs of $1,150,000 and 5,100 labor hours. What is the predetermined overhead rate for March, 2014?
A) $186 per direct labor hour B) $190 per direct labor hour C) $225 per direct labor hour D) $230 per direct labor hour
A general journal provides a place for recording all of the following except:
A. The amount of each debit and credit. B. The balance in each account. C. The transaction date. D. The names of the accounts involved. E. An explanation of the transaction.
Belinda owns a 30% profit and loss interest in the BOW LLC,and her basis in the interest is $30,000 excluding her share of the LLC’s liabilities. Belinda guarantees a $40,000 LLC debt. Remaining liabilities (not guaranteed by any of the LLC members) are $100,000. Belinda’s basis in the LLC is $100,000.
Answer the following statement true (T) or false (F)