A manager who first offers an opportunity to disinterested directors or shareholders who turn it down has the right to take advantage of the opportunity herself
Indicate whether the statement is true or false
True
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If the supply of dollars in exchange for euro increases, ?
A. ?the dollar depreciates against the euro. B. ?the dollar appreciates against the euro. C. the exports of U.S. to Europe becomes costlier. D. ?the demand for European goods increase in the U.S.
Variable costs per unit remain unchanged with levels of production
Indicate whether the statement is true or false
During the year, Todd Corporation issued 200 shares of $20 par value common stock for $50 a share. A total of 500 shares were authorized. In addition, the company purchased 75 shares of treasury stock at $44 a share. Which of the following best presents the related lines in the stockholders' equity section of the company's balance sheet?
A.
| Common stock, $20 par value, 500 shares authorized, 200 shares issued, 425 outstanding | $ | 8,500 | |
| Paid in capital in excess of par - Common | 11,050 | ||
| Less: Treasury stock, 75 shares @ $44 per share | (3,300 | ) |
B.
| Common stock, $20 par value, 500 shares authorized, 200 shares issued, 125 outstanding | $ | 4,000 | |
| Paid in capital in excess of par - Common | 6,000 | ||
| Less: Treasury stock, 75 shares @ $44 per share | (3,300 | ) |
C.
| Common stock, $50 market value, 500 shares authorized, 200 shares issued, 125 outstanding | $ | 10,000 | |
| Less: Treasury stock, 75 shares @ $44 per share | (3,300 | ) |
D.
| Common stock, $20 par value, 500 shares authorized, 200 shares issued and outstanding | $ | 4,000 | |
| Paid in capital in excess of par - Common | 6,000 | ||
| Less: Treasury stock, 75 shares @ $20 per share | (1,800 | ) |
A permanent injunction is normally granted after a trial and remains in force indefinitely
a. True b. False Indicate whether the statement is true or false