Mr. R. owns 20,000 shares of ABC Corporation stock. The company is planning to issue a stock dividend. Before the dividend Mr. R. owned 10 percent of the outstanding stock, which had a market value of $200,000, or $10 per share. Upon receiving the 10 percent stock dividend the value of his shares is ________.
A) $220,000
B) $210,000
C) $200,000
D) $180,000
C) $200,000
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Funds from unknown sources equals:
a. Assets ? liabilities. b. Net worth increase + living expenses. c. Income ? funds from known sources. d. Net worth ?prior year's net worth.
Inventory at the end of the current year is overstated by $20,000. What effect will this error have on the following year's net income?
a. Net income will be overstated by $20,000 b. Net income will be understated by $20,000 c. Net income will be correctly stated d. Net income will be understated $40,000
Typically, establishing validity is a matter of comparing selection test scores
A. to weighted scores on the candidates' application. B. to supervisors' performance ratings. C. to previous scores done in a similar occupation. D. before and after hiring.
Toby has lost valuable data on his computer a number of times due to system crashes caused by viruses. He decides to invest in a powerful antivirus program. When Toby buys the program, he will actually be buying the software ________.
A. patent B. copyright C. trademark D. code E. license