ABC has 61,000 shares of $16.00 par common stock outstanding. ABC announces a stock split of 4-for-1. What is the effect of the split?
A) par stays at $16.00; total shares increase to 15,250
B) par drops to $8.00; total shares stay at 61,000
C) par drops to $4.00; total shares increase to 244,000
D) par goes to $64.00; total shares increase to 244,000
C
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Which of the following is an abstract idea inferred from specific instances that are thought to be related?
A) Abstract B) Abstract inference C) Construct D) Title abstract E) Inferred hypothesis
When no-par common stock has a stated value, the stated value of the shares issued normally is considered the legal capital of the corporation
Indicate whether the statement is true or false
When you start a new job:
a. it is natural to feel a little lost at first. b. you can expect to learn all that you need to know the first day. c. it will be easy to become acclimated to the workplace and your responsibilities. d. you can expect the telephone and computer systems to be familiar.
Evidence of prior agreements that differ from the written terms of a contract can be introduced in court to alter the contract.
Answer the following statement true (T) or false (F)