The shareholders' equity section of the balance sheet for a corporation generally does not include
a. dividends paid
b. retained earnings
c. par or stated value of common stock
d. amounts contributed in excess of par or stated value
e. None of these answer choices is correct.
A
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An oil well cost $1,782,500 and is calculated to hold 150,000 barrels of oil. There is no residual value. Which journal entry is needed to record the expense for the extraction of 40,000 barrels of oil during the year? All 40,000 barrels were sold during the year. (Round any intermediate calculations to the nearest cent, and your final answer to the nearest dollar.)
A) Cost of Goods Sold - Oil Reserve 475,200 Accumulated Depletion - Oil Reserve 475,200 B) Depletion Expense - Oil Reserve 475,200 Oil Revenue 475,200 C) Depletion Expense - Oil Reserve 475,200 Accumulated Depletion - Oil Reserve 475,200 D) Oil Reserve Inventory 475,200 Accumulated Depletion - Oil Reserve 475,200
______ occurs when people are indifferent to a task and make only the minimal effort necessary to complete a goal.
A. Compliance B. Resistance C. Adherence D. Commitment
The payback method typically assumes that all cash inflows are reinvested to yield a return equal to
a. the discount rate. b. the hurdle rate. c. the internal rate of return. d. zero.
The local fast food store experienced the following number of customers on the night shift:
Hour----------------Customers 12 AM 23 1 AM 20 2 AM 15 3 AM 5 4 AM 2 5 AM 1 If the store was staffed by two workers, what was the average productivity per worker, in customers/hour?