The Stockholders' Equity section of the balance sheet of Sea Turtle Company reveals the following information: Common stock, $3 par value $150,000 Additional paid-in capital—common 850,000 There have been two issues of stock since the corporation began business. The average issue price per share of stock was

a. $3.00.
b. $17.00.
c. $20.00.
d. Not enough information to determine.


c

Business

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If beginning inventory is $80,000 and ending inventory is $10,000, the balance of the merchandise inventory account after adjustments will be $70,000

a. True b. False Indicate whether the statement is true or false

Business

One of the dimensions along which organizational change can be categorized is ______.

a. reactive vs. incremental b. proactive vs. discontinuous c. reactive vs. discontinuous d. incremental vs. discontinuous

Business

A consideration need not be of legal value to be enforceable

Indicate whether the statement is true or false

Business

The leverage hypothesis proposes that a firm's dividend policy can provide information about management's behavior with respect to wealth maximization.

Answer the following statement true (T) or false (F)

Business