A premium on common stock:
A. Is the difference between par value and issue price when the amount paid is below par.
B. Represents capital gain on sale of stock.
C. Occurs when a corporation sells its stock for more than par or stated value.
D. Represents profit from issuing stock.
E. Is prohibited in most states.
Answer: C
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Christian, an automobile engineer, is sent on a foreign assignment to Iceland. Initially, Christian is fascinated by the culture and history of the town he lived in. Within a month, he begins to feel disillusioned and discomforted by the differences in norms and values. Which term best describes this phase of Christian's experience?
A. culture shock B. adjustment C. honeymoon D. validation E. recovery
Patty buys a Persian rug from James, a plumber, in an online auction. James called Patty on Wednesday to inform her that she submitted the winning bid and that she could pick it up anytime or he would ship the rug to her on Friday. On Thursday, the rug was destroyed in a garage fire at James' house. Which of the following statements is true in this case?
A. Patty bears the loss as James was only providing a service. B. James bears the loss as he has tendered delivery of goods. C. Patty bears the loss as James is not a merchant. D. James bears the loss as he has not delivered the goods.
Unless otherwise provided in the LLC's operating agreement, a member may assign his financial interest in the LLC without dissolving the LLC
Indicate whether the statement is true or false
The age we live in has infinite quantities of facts that are widely available to anyone who can use a computer. What age is this statement referring to?
A. information age B. business intelligence age C. Internet of Things D. data age