?The most frequently occurring value of a data set is called the
A. ?mean.
B. ?median.
C. ?mode.
D. ?outlier.
Answer: C
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For available-for-sale securities, a decline in value due to a temporary decline in market value below cost is
A) disclosed in the financial statements by means of a footnote. B) disclosed as a reduction from shareholders' equity on the balance sheet. C) disclosed as a loss on the income statement. D) not disclosed because the decline in value is only temporary.
West Corporation purchased 15,000 shares of Luffy Corporation common stock for $60 per share on January 2, 2009 . Luffy Corporation reported net income of $1,500,000 for 2009 and paid dividends of $300,000 during 2009 . Luffy has a total of 50,000 shares of common stock outstanding. The entry that would be recorded to recognize the income is:
a. Cash 90,000 Dividend Income 90,000 b. Investment in Luffy Corporation 450,000 Income, Luffy Corporation Investment 450,000 c. Dividend Income 450,000 Cash 450,000 d. Investment in Luffy Corporation 450,000 Cash 450,000
The party to whom rights under a contract are transferred is called the obligor
Indicate whether the statement is true or false
A ________ agreement occurs when a union convinces an employer to voluntarily recognize the union based on the evidence of signed authorization cards.
Fill in the blank(s) with the appropriate word(s).