Where a contractual term has more than one possible meaning, it will be interpreted in favor of the party who supplied the contract
a. True
b. False
Indicate whether the statement is true or false
False
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___ is the overall goal of MBO.
A. Motivating employees B. Controlling subordinates C. Controlling costs D. Increasing market share E. Terminating low-performing employees
When common stock is issued by a corporation for a cash price above par value, the excess of the cash proceeds over the par value should be reported in the financial statements as a component of
A) retained earnings on the balance sheet. B) total liabilities on the balance sheet. C) operating income on the income statement. D) total contributed capital on the balance sheet.
Which of the following is NOT characteristic of Casey’s (1995) concept of ‘designer’ culture?
a. The promotion of individual values of dedication, loyalty, self-sacrifice and passion b. Customers are not only end users but also employees and key stakeholders c. Language centers around the concepts of teams and family d. The culture is displayed only to those inside it, and is not visible to those outside it
Garber Corporation had 40,000 shares of $10 par common stock outstanding on January 1, Year 1. On June 1, Year 1 Garber purchased 5,000 shares of its own stock on the open market for $22 per share and held it as treasury stock. On October 1, Year 1 Garber declared and issued a 10% stock dividend. The market value of Garber's stock was $24 per share on October 1. Garber's board of directors declared and paid a cash dividend of $57,750 on December 15, Year 1.Required:a) Show how the purchase of the treasury stock affects the financial statements. AssetsLiabilitiesEquityRevenuesExpensesNet IncomeCashFlow???????b) Show how the issuance of the stock dividend affects each element of the financial statements. AssetsLiabilitiesEquityRevenuesExpensesNet
IncomeCashFlow???????c) Show how the declaration and payment of the cash dividend affect the financial statements.AssetsLiabilitiesEquityRevenuesExpensesNet IncomeCashFlow???????d) What was the per-share cash dividend paid on December 15? What will be an ideal response?