MegaCorp purchased 10,000 shares of its own stock that had previously been owned by private investors. The stock MegaCorp repurchased is called:
a. authorized and unissued.
b. authorized and issued.
c. treasury stock.
d. repurchased stock.
c
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Reduce-focus pricing is most likely to occur in the ________ stage of the product life cycle
A) early B) growth C) mature D) extinction E) decline
If the market value of the reporting unit is below book value and a significant amount of goodwill exists, the presumption is that there has been an impairment of goodwill
a. True b. False Indicate whether the statement is true or false
Answer the following statements true (T) or false (F)
Because American unions were instrumental in pushing for increased protective legislation such as workers' compensation laws and unemployment insurance, the demand for union services has increased, rather than decreased, over time. Part of the decline in union density may be due to the fact that newer entrants to the workforce are less likely to have ever experienced the benefits of unionization and therefore are less likely to become union members themselves. Workers are more likely to experience unionism when they are young than when they are older. If the reasons for the decline in unionization rates in the U.S. are largely structural and a result of declining demand for union services, there is no real need for labor law reform.
Bryson Services, Inc. performed accounting services for a client in December. A bill was mailed to the client on December 30. The company received a check by mail on January 5
Which of the following accounts should appear on the balance sheet as of December 31 as related to the services performed? A) Prepaid Expense B) Accounts Receivable C) Unearned Revenue D) None, there is no entry in December.