Laramie Corporation was organized on January 3, 2015 . Laramie was authorized to issue 50,000 shares of common stock with a par value of $10 per share. On January 4, Laramie issued 30,000 shares of common stock at $25 per share. On July 15, Laramie issued an additional 10,000 shares at $20 per share. Laramie reported income of $33,000 during 2015 . In addition, Laramie declared a dividend of $.50
per share on December 31 . 2015. See Laramie Corporation information above. The amount reported on Laramie Corporation's December 31 . 2015, balance sheet as additional paid-in capital was
a. $400,000.
b. $550,000.
c. $563,000.
d. $950,000.
B
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Which of the following is a cognitive barrier to responsible, ethical decision making?
A. Following simplified decision rules B. Choosing the alternative that meets maximum decision criteria C. Selecting only the best option D. Considering unlimited alternatives
With the temporal method of translation:
a. all balance sheet items that are carried at current or future exchange prices are translated at the current exchange rate. b. balance sheet items carried at past prices, such as fixed assets, are translated at the current exchange rate. c. income statement items are translated at the current exchange rate. d. income statement items are translated at historical exchange rates.
_____ are typically categorized by a sudden and unpredictable spike in sales followed by a rather abrupt decline
a. Consumer durable goods b. Fad items c. Product trends d. Product life cycles
Provide responses to the following questions regarding the discount rate
Question? Your response What does the discount rate represent? What are other names for the discount rate? Is the following statement true? Discuss the reason for your response. "The higher the risk, the lower the discount rate." What will be an ideal response