Which of the following is not an advantage of magazine advertising?
A. Specific market segments can be reached.
B. It is more prestigious.
C. It has a longer life span.
D. It lacks timeliness.
E. The ad can be viewed repeatedly.
Answer: D
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When Wisconsin Corporation was formed on January 1, the corporate charter provided for 100,000 share of $10 par value common stock. The following transaction was among those engaged in by the corporation during its first month of operation: The corporation issued 8,500 shares of stock at a price of $16 per share. The entry to record the above transaction would include a
a. debit to Cash for $85,000 b. credit to Common Stock for $136,000 c. credit to Paid in Capital in Excess of Par for $51,000 d. debit to Common Stock for $85,000
Assume the direct method is used to compute net cash flows from operating activities. For this item extracted from the financial statements-Decrease in Inventory-indicate the effect on cash payments for purchases by choosing one of the following:
A) Add to Cost of Goods Sold to compute cash payments for purchases. B) Subtract from Cost of Goods Sold to compute cash payments for purchases. C) Not used to adjust Cost of Goods Sold to compute cash payments for purchases.
Lily Ledbetter Fair Pay Act of 2009 amends the 1964 Civil Rights Act to ______ the period of time in which an employee is allowed to file a lawsuit over pay discrimination.
A. extend B. reduce C. eliminate D. negotiate
Purchases journals are used to record all purchases
Indicate whether the statement is true or false