A company has 625 shares of $65 par value preferred stock outstanding. It also has 25,000 shares of common stock outstanding, and the total value of its stockholders' equity is $865,625. The company's book value per common share equals:
A. $33.00.
B. $33.38.
C. $33.78.
D. $32.20.
E. $34.63.
Answer: A
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A. motivated B. self-aware C. socially skilled D. self-regulators
Andrew Industries purchased $165,000 of raw materials on account during the month of March. The beginning Raw Materials Inventory balance was $22,000, and the materials used to complete jobs during the month were $141,000 direct materials and $13,000 indirect materials. How should Andrews record the purchase of raw materials for March?
A. Debit Accounts Payable $165,000; credit Raw Materials Inventory $165,000 B. Debit Work in Process Inventory $165,000; credit Raw Materials Inventory $165,000 C. Debit Raw Materials Inventory $165,000; credit Accounts Payable $165,000 D. Debit Raw Materials Inventory $187,000; credit Cash $187,000 E. Debit Accounts Payable $187,000; credit Raw Materials Inventory $187,000
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Fill in the blank(s) with correct word
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Indicate whether the statement is true or false