The following data has been collected about Keller Company's stockholders' equity accounts: Common stock $10 par value 30,000 shares authorized and 15,000 shares issued, 2000 shares outstanding$150,000?Paid-in capital in excess of par value, common stock60,000?Retained earnings35,000?Treasury stock25,000?Assuming the treasury shares were all purchased at the same price, the number of shares of treasury stock is:
A. 35,000.
B. 60,000.
C. 13,000.
D. 150,000.
E. 30,000.
Answer: C
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Which of the following motions asserts that based on supporting evidence outside the pleadings, there are no factual disputes to be decided by the jury, and the judge can apply the proper law to the undisputed facts and decide the case without a jury?
A. motion for summary judgment B. motion for judgment on the pleadings C. motion for a directed verdict D. motion for judgment notwithstanding the verdict
The organization whose primary function is to provide a means to share information among cost and management accountants in the United States is the
a. Internal Revenue Service. b. American Institute of CPAs. c. Institute of Management Accountants. d. Institute of Certified Management Accountants.
In choosing a form of business organization for a new enterprise, important factors include the liability of the owner.
Answer the following statement true (T) or false (F)
________ ensure that money lent under a line of credit agreement is actually being used to finance seasonal needs
A) Operating-change restrictions B) Annual cleanups C) Compensating balances D) Commitment fees