Use the following information to answer the question below. On January 1, 20x5, Falcon Corporation had 40,000 shares of $10 par value common stock issued and outstanding. All 40,000 shares had been issued in a prior period at $17 per share. On February 1, 20x5, Falcon purchased 3,100 shares of treasury stock for $19 per share and later sold the treasury shares for $26 per share on March 2, 20x5
What amount of gain due to these treasury stock transactions should be reported on the income statement for the year ended December 31, 20x5 ?
A) $0
B) $21,700
C) $3,100
D) $2,170
A
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If Jane persuades Linda to buy her horse by telling Linda that the horse runs "like the wind," then Jane's statement is:
a. fraud. b. misrepresentation. c. a unilateral mistake. d. puffery.
The school district needs to pass a bond levy for funding to remodel existing schools and to build new schools. Expenditures for the new and remodeled buildings will begin 18 months after passage of the bond
If the school district receives all funding immediately after the passage of the bond and can invest the funds at a rate of 3.75% per year, how large must the bond be for the district to have $45,000,000 at the start of construction? A) $45,000,000 B) $47,554,834 C) $42,556,397 D) $42,582,422
A dollar received in the future is worth more than a dollar received today
Indicate whether this statement is true or false.
Jim Crow laws were federal and state laws that:
a. prohibited racial segregation and labor market discrimination b. restricted racial segregation and labor market discrimination c. restricted unions' ability to discriminate based on sex d. restricted unions' ability to discriminate based on race e. none of the other choices are correct