A corporation declared and issued a 15% stock dividend on October 1. The following information was available immediately prior to the dividend:
The amount that contributed capital will increase (decrease) as a result of recording this stock dividend is:
A) $45,000.
B) $135,000.
C) $(45,000).
D) $(135,000).
E) $0.
B) $135,000.
Explanation: 60,000 shares * 0.15 = 9,000 * $15 = $135,000
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A merchandiser uses a perpetual inventory system. The beginning Retained Earnings balance of the merchandiser was $110,000. During the year, Sales Revenue amounted to $90,000, Cost of Goods Sold was $40,000, and all other expenses totaled $12,000. The company declared and paid $27,000 as dividends. The ending balance of Retained Earnings would be ________.
A) $148,000 B) $121,000 C) $175,000 D) $110,000
Customers at Carat, a premium jewelry store, are encouraged to make an appointment before a visit so that a customer service representative is assigned to them
These representatives help every customer make a purchase that meets his or her needs and budget after considering numerous options. The different styles and special features of the jewelry are explained to each customer to aid the purchase decision. In this case, Carat is an example of a(n) ________. A) self-service retailer B) off-price retailer C) full-service retailer D) supermarket E) convenience store
When analyzing an unexpected invitation, I have the power to say no and keep the planning promises I made.
a. True b. False
Lon says to Milli, "I would like to sell you my comic book collec¬tion.". This is not an offer because it
a. does not describe the subject matter specifically. b. does not include a price term. c. only expresses an opinion. d. only invites Milli to negotiate.