Abilene Western Shop began business on January 1, 2016 . The corporate charter authorized issuance of 10,000 shares of $2 par value common stock and 4,000 shares of $8 par value, 6% cumulative preferred stock. Abilene issued 2,400 shares of common stock for cash at $20 per share on January 2, 2016 . What effect does the entry to record the issuance of stock have on total stockholders' equity?
a. Increase of $4,800
b. Decrease of $4,800
c. Increase of $48,000
d. Decrease of $48,000
c
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Partners Ken and Macki each have a $40,000 capital balance and share income and losses in a 3:2. Cash equals $20,000, noncash assets equal $120,000, and liabilities equal $60,000. If the noncash assets are sold for $50,000, and each partner is personally insolvent, Partner Macki will eventually receive cash of
A) $0. B) $10,000. C) $12,000. D) $20,000.
Ang Nguyen, a native of Vietnam, sees a commercial opportunity. He is aware of an effective cold pill used in Vietnam; in fact, he knows the formula for it, having received it from his brother, who works for the manufacturer
That formula has not been published anywhere. Perhaps most importantly, he knows that the manufacturer is not interested in selling the product in Canada at this time. Ang applies for a Canadian patent. Will he receive it? A) Yes. The pill is not currently known or used in Canada. B) Yes. The pill is not described in any patent or publication printed in Canada or any other country. C) Yes. The pill is not in public use or on sale in Canada. D) Yes. A , B, and C all are true E) No. Ang is not the inventor of the pill
Dividing actual demand by the model's forecast yields an index that can be used to adjust for ________ in the data
Fill in the blank(s) with the appropriate word(s).
Under cumulative voting, a 10% shareholder will likely be able to elect 10% of the board of
directors. Indicate whether the statement is true or false