The stockholders' equity section of the December 31, 2014, balance sheet is provided below
Common Stock, $30 par, 20,000 shares issued and outstanding $600,000
Paid-in Capital in Excess of Par--Common Stock 240,000
Retained Earnings 700,000
Stockholders' Equity $1,540,000
Assume that all of the 20,000 shares of stock that was issued as of December 31, 2014, was issued for $42 per share. On March 1, 2015, the company reacquired 4,000 shares of its common stock for $50 per share.
Refer to Ladder Distributors. How much should be reported on the company's March 31, 2015, balance sheet for treasury stock?
a. $168,000
b. $32,000
c. $128,000
d. $200,000
Ans: d. $200,000
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Travis, an accounting manager at a hospital equipment company, has just attended software training where he learned new processes that could benefit his staff. On the plane home he began planning how he would train everyone in order to help the department reach its goals. Travis's approach is most characteristic of what type of organization?
A. A bureaucratic organization. B. An operations research organization. C. A systems organization. D. A management science organization. E. A learning organization.
One valid criticism of the four Ps concept of the marketing mix is that services are not considered
Indicate whether the statement is true or false
The Flapjack Corporation had 8,200 actual direct labor hours at an actual rate of $12.40 per hour. Original production had been budgeted for 1,100 units, but only 1,000 units were actually produced. Labor standards were 7.6 hours per completed unit at a standard rate of $13 per hour. Compute the labor rate variance
A) 4,920U B) 4,920F C) 4,560U D) 4,560U
To control the money supply, the Fed regulates the ____________________ requirement, or the percentage of its deposits that banks must keep on hand, and the ____________________ rate that it charges member banks for loans.
Fill in the blank(s) with the appropriate word(s).