Use the following information to answer the question below. The following transactions involving Cactus Wren Corporation occurred during the year: Apr. 1 Purchased 2,000 shares of its own preferred stock for $20, the current market price. This is the first transaction involving its own stock engaged in by the company. May 3 Sold 400 of the shares purchased on April 1 for $25 per share. June 5
Retired 600 of the shares purchased on April 1. The original issue price was $10. The par value of the stock is $5. The entry to record the May 3 transaction is:
A) Treasury Stock, Preferred 10,000 Cash 10,000
B) Cash 10,000 Treasury Stock, Preferred 8,000Paid-in Capital, Treasury Stock 2,000
C) Cash 4,000 Retained Earnings 6,000Treasury Stock, Preferred 10,000
D) Treasury Stock, Preferred 8,000 Cash 8,000
B
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The link between the Products and Production Plan tables would be implemented as a linking table.
Answer the following statement true (T) or false (F)
What is the purpose of a strategic plan?
What will be an ideal response?
Kelli Kopak invented a new film processor that could transfer photographic images from film directly to digital code. She also developed software, which was an integrated part of the processor, to make easy operation of this processor by graphics
She wants to apply for a patent for the processor and software. Which of the following is true? A) Only the film processor can be the subject of a patent in Canada. B) Only the software can be the subject of a patent in Canada. C) Both can be the subject of a patent in Canada. D) Neither can be patented. E) Together, the processor and program can be registered under the Integrated Circuit Topography Act.
During July and August, Crystal Cove Golf Course, located in South Carolina, offers weekday rates of $13 for a round of golf with a cart. During the rest of the year, the weekday rates are between $25 and $35. This is an example of the use of
A. differential pricing. B. incentives. C. competition-based pricing. D. demand-based pricing. E. random discounting.