How many times can a corporation's stock be sold in the primary market?
A. Once
B. Twice
C. A maximum of three times
D. Once per year
E. Unlimited
Answer: A
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Basic earnings per share is computed as
A) Net Income / Total Number of Common Shares Outstanding. B) (Net Income ? Preferred Dividends) / Total Number of Common Shares Outstanding. C) (Net Income ? Preferred Dividends) / Weighted-Average Number of Common Shares Outstanding. D) Net Income / Weighted-Average Number of Common Shares Outstanding.
Use the cost information below for Sundar Company to determine the cost of goods manufactured during the current year: Direct materials used$21,000? Direct labor used 26,500? Factory overhead 45,100? Beginning work in process inventory 12,700? Ending work in process inventory 13,300?
A. $46,900. B. $92,600. C. $71,000. D. $47,500. E. $92,000.
Ten years ago a corporation purchased a building for $160,000. At that time, the corporation felt that the business was worth $185,000. The current market value of the business is $460,000
The building has been assessed at $435,000 for property tax purposes. At which amount should the corporation record the building in its accounting records? A) $160,000 B) $185,000 C) $435,000 D) $460,000
Which of the following is not a major standard-setting body responsible for the establishment of U.S. and International Financial Reporting Standards?
A. SEC (Securities Exchange Commission) B. PCAOB (Public Company Accounting Oversight Board) C. FASB (Financial Accounting Standards Board) D. IASB (International Accounting Standards Board)