April, Inc. issued 4000 shares of preferred stock for $240,000. The stock has a par value of $60 per share. The journal entry to record this transaction would ________.
A) credit Cash $240,000, debit Preferred Stock—$60 Par Value $4000, and debit Paid-In Capital in Excess of Par—Preferred $236,000
B) debit Cash $240,000, credit Preferred Stock—$60 Par Value $4000, and credit Paid-In Capital in Excess of Par—Preferred $236,000
C) credit Cash $240,000 and debit Preferred Stock—$60 Par Value $240,000
D) debit Cash $240,000 and credit Preferred Stock—$60 Par Value $240,000
D) debit Cash $240,000 and credit Preferred Stock—$60 Par Value $240,000
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After a firm has identified the various stakeholders and their issues and gathered available data related to an ethical decision-making situation, ________ should engage in brainstorming and evaluating alternatives.
A. elected officials B. all parties relevant to the decision C. any individuals with competing interests D. the senior managers most involved E. key customers
Answer the following statement(s) true (T) or false (F)
1. T-bills, Treasury notes, and Treasury bonds are all sources of short-term financing for the government. 2. T-bills, Treasury notes, and Treasury bonds are all sources of long-term financing for the government. 3. A mutual fund is a pool of money that is invested in a variety of stocks and bonds as deemed appropriate by the professional financial management group that manages the money. 4. Spot commodity trading is when the purchase is made for future delivery of the merchandise. 5. A market order authorizes the broker to purchase the security at the going, or current, market price.
The work measurement technique that involves making a visual recording of the work processes being studied is the
A. Microchrometer technique. B. Predetermined standard time data technique. C. Time study technique. D. Micromotion technique.
Which of the following is an example of tangible assets?
A. Previous start-up experience B. Software and systems for business C. Education D. Unique knowledge of the industry