Manson World reported the following: Common stock, $1 par, 200,000 shares authorized, 100,000 shares issued and outstanding What is the effect of a 2-for-1 stock split if the market value of the common stock is $20 per share when the stock split is declared?
a. Retained earnings in the amount of $400,000 is transferred to the contributed capital accounts.
b. Cash decreases $400,000.
c. Additional Paid-in Capital increases $400,000.
d. A stock split has no effect on total stockholders' equity.
d
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Indicate whether the statement is true or false
Indicate whether each of the following statements is true or false.________ a) The extension of a warranty on goods sold normally represents a legal obligation to the seller of the goods.________ b) The entry to recognize the warranty obligation increases the Warranties Payable account and decreases a revenue account.________ c) The entry to record the payment of cash to settle a warranty claim increases expenses (Warranties Expense) and decreases liabilities (Warranties Payable).________ d) Net income is not affected by the entry to record the payment of cash to settle a warranty claim.________ e) Total assets are not affected by the adjusting entry to record the warranty obligation.
What will be an ideal response?
Judicially exempted employees under the NLRA include:? A) ?expatriates
B) government employees.? C) migrant employees.? D) confidential employees.
Which of the following is not an advantage of multiple regression as compared with analysis of variance?
a. Multiple regression can be used to estimate the relationship between the dependent variable and independent variables. b. Multiple regression handles problems with more than two independent variables easier than analysis of variance. c. Multiple regression handles nominal variables better than analysis of variance. d. All of these choices are true are advantages of multiple regression as compared with analysis of variance.