Competitors cannot agree on prices for their products without violating the law
Indicate whether the statement is true or false
TRUE
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CarWorks Company has 100,000 authorized shares of $4 par common stock. The company issued 40,000 shares at $8 . Subsequently, CarWorks declared a 2% stock dividend on a date when the market price was $11 a share. What is the amount transferred from the retained earnings account to paid-in capital accounts as a result of the stock dividend?
a. $8,800 b. $4,800 c. $3,200 d. $6,400
Use reverse assumption analysis to analyze a school
What will be an ideal response?
The traditional compensation package provides
a. fixed monthly or weekly salaries plus performance bonuses. b. the same salary structure for all groups of employees. c. no incentive for non-top management to improve performance. d. no need to include incentive compensation.
One of the advantages of the partnership form of organization is
a. ease of transferring a partnership interest. b. limited liability for partnership debts. c. ease of organization. d. ease of settling disputes among the partners.