Ebberle Corporation reported the following in the stockholders' equity section of its balance sheet at December 31, 2012: Common stock, $1 par value $10,000 Paid-in capital in excess of par-common stock 40,000 Total capital stock $50,000 Retained earnings 25,000 Less: Treasury stock (at cost, $20 per share) 2,000 Total stockholders' equity $73,000 How many shares of stock are issued?
A) 9,000 shares
B) 9,900 shares
C) 10,000 shares
D) 10,100 shares
C
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When marketing managers select a market segment to pursue, it is called:
A) segmenting the market. B) selecting the target market. C) selecting the right product. D) selective distribution.
Which of the following would an auditor not typically perform as part of gaining an understanding of the client's controls related to debt obligations?
a. Review policies related to approval required for new debt. b. Inquire of management about the process for reviewing compliance with debt covenants. c. Review the client's documentation of controls. d. Recalculate interest expense.
Which of the following is not true of situations when a new plant can be built that is a duplicate of others already functioning?
A. The technical department can send the current manufacturing specifications without alteration. B. Design engineers need only copy the drawings and lists of materials that they have in their files. C. Reasonably accurate forecasts of plant erection time and output can be based on experience with existing facilities. D. Labor trainers experienced in the operation of the machinery can be sent to the new locations as long as they receive adequate cultural training in advance.
One method of appealing a case to the U.S. Supreme Court is by:
a. writ of execution. b. offer of proof. c. writ of certiorari. d. request for admissions.