Brumfield, Inc issued 7,000 shares of $1 par common stock for $20 per share. In addition to the increase in cash, what effect does this transaction have on Brumfield's accounting equation?
A) Common stock increases $7,000 and retained earnings increases $133,000.
B) Common stock increases $7,000 and additional paid-in capital in excess of par increases $133,000.
C) Common stock increases $140,000.
D) Retained earnings increases $7,000 and additional paid-in capital in excess of par increases $133,000.
B
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Frank Singh is employed as a part-time instructor at a college. He is very anti-union. There is a union for college instructors
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________ worked with their equipment supplier, Siemens VAI, to create a new production process that cut costs and emissions by using local iron ore that was of lower quality but cheaper
A) Walmart B) Coca-Cola C) Posco D) Starbucks
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A. it can create legal problems for the firm if regulators discover the company is making forecasts. B. managers may view uncertainty as black and white while ignoring important gray areas. C. the retrospective nature of forecasting provides little information about the future. D. in most cases, the expense of collecting the necessary data exceeds the benefit.
The ________determined that POM Wonderful LLC had made unsubstantiated claims about the health benefits of its pomegranate juice.
A. BBB B. FDA C. FCC D. FTC E. ATF