Which of the following differentiates the cost of retained earnings from the cost of newly-issued
common stock?
A) the cost of the pre-emptive rights held by existing shareholders
B) the greater marginal tax rate faced by the now-larger firm
C) the larger dividends paid to the new common stockholders
D) the flotation costs incurred when issuing new securities
D
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When you're designing an electronic slide deck for a business presentation, let ________ and ________ guide your efforts
A) simplicity; authenticity B) convenience; personal preferences C) PowerPoint; structure D) functionality; time constraints E) one-way communication; free-form capability
The balance column in a ledger account is:
A. An account entered on the balance sheet. B. A simple form of account that is widely used in accounting to illustrate the debits and credits required in recording a transaction. C. Another name for the dividends account. D. A column for showing the balance of the account after each entry is posted. E. An account used to record the transfers of assets from a business to its stockholders.
A company had the following purchases and sales during its first month of operations: January 1Purchased 10 units at $4.00 per unitJanuary 9Sold 6 units at $12.00 per unitJanuary 17Purchased 8 units at $5.50 per unitJanuary 27Sold 7 units at $12.00 per unit Using the perpetual weighted average method, what is the value of cost of goods sold? (Round weighted average costs per unit to 2 decimal places.)
A. $59.00. B. $25.00. C. $24.00. D. $23.35. E. $40.00.
Mark Perez signs a standard form guarantee for a $60,000 loan his brother Fred gets from a bank. Fred later incurs a credit card debt to the Bank for a further $4,500
Fred also later guarantees a loan of $5,000 from the bank to his wife, who goes bankrupt. Fred pays back $30,000 on his loan and then goes bankrupt. For what principal amount is Mark liable as a result of the guarantee? A) $30,000 B) $34,500 C) $35,000 D) $39,500 E) $48,000