In U.S. GAAP, preferred stock subject to redemption at the option of the preferred shareholders appears
a. between liabilities and shareholders' equity.
b. as a liability.
c. as a shareholders' equity.
d. as a revenue.
e. as an expense.
A
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Which type of benchmarking is used to identify an organization’s strengths and weaknesses?
A. peer B. outcome C. statistical D. corporate
By the turn of the twentieth century, the population of the United States had shifted to three large racial and ethnic groups. These groups are
A. African-Americans, Hispanics, and Caucasians. B. Asians, African-Americans, and Caucasians. C. Asians, African-Americans, and Hispanics. D. African-Americans, Native American Indians, and Caucasians. E. Hispanics, Native-American Indians, and Caucasians.
Which of the following classifications of securities had the smallest range of annual returns over the period 1950-1999?
A) Large-company stocks B) Long-term government bonds C) Small-company stocks D) 3-month U.S. Treasury bills
The Bowden Corporation makes a single product. Only one kind of direct material is used to make this product. The company uses a standard cost system. The company's cost records for June show the following data: Number of units produced 10,000 Material price variance$8,400FavorableMaterial quantity variance$8,000UnfavorableActual direct material purchased and used 21,000poundsDirect materials standard price$8per pound?There were no beginning inventories of direct materials.?The actual cost of direct material was:
A. $7.60 per pound B. $7.42 per pounds C. $8.12 per pound D. $8.00 per pound