The issuance of shares of preferred stock to shareholders
a. increases preferred stock outstanding.
b. has no effect on preferred stock outstanding.
c. increases preferred stock authorized.
d. decreases preferred stock authorized.
A
You might also like to view...
Based on the following information from Scranton Company's balance sheet, calculate the current ratio. Current assets$87,000Investments 50,000Plant assets 220,000Current liabilities 39,000Long-term liabilities 90,000Retained earnings 228,000
A. 1.06. B. .44. C. 3.51. D. 2.23. E. 3.33.
During the closing process, revenues are transferred to the debit side of the Income Summary account
Indicate whether the statement is true or false
Which of the following is a function of a company's IT department?
A. identifying new locations for company offices B. setting sales targets for technology products C. determining shipping and gift wrap options for items sold online D. marketing new technologies to consumers E. managing the use of mobile computing
Marketing managers should be able to explain the kinds of problems they are facing and the kinds of marketing research information that will help them make decisions.
Answer the following statement true (T) or false (F)