Ironworks Industries' Stockholders' Equity section includes the following information:
What was the total selling price of the common stock?
A) $16,000
B) $22,000
C) $24,000
D) $33,000
C) $24,000
Explanation: add common stock and p-i-c common; ex: $16,000 + $8,000 = $24,000
You might also like to view...
Robert Inc uses the standard costing method. The company's main product is a fine-quality headphones that normally takes 0.5 hour to produce. Normal annual capacity is 5,000 direct labor hours, and budgeted fixed overhead costs for the year were $8,750. During the year, the company produced and sold 5,800 units. Actual fixed overhead costs were $6,000. Using the information provided for Robert
Inc, compute the fixed overhead budget variance. A) $925 (U) B) $3,675 (U) C) $2,750 (F) D) $5,800 (U)
Which of the informal elements of ethics focuses on the words, talk, attitudes, and values used within an organization?
A. language B. stories C. norms D. rituals
The spot price of an asset is positively correlated with the market. Which of the following would you expect to be true?
A. The forward price equals the expected future spot price. B. The forward price is greater than the expected future spot price. C. The forward price is less than the expected future spot price. D. The forward price is sometimes greater and sometimes less than the expected future spot price.
The one who agreed to make a payment, such as a bank making a payment based on a document presented to it is:
a. the payee b. the beneficiary c. the drawer d. the checker e. none of the other choices