A third party who is not in privity of contract but who has rights under the contract and can enforce the contract against the promisor is called an incidental beneficiary
Indicate whether the statement is true or false
FALSE
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Which of the following provide information that employees and managers use to take action and respond to changes?
A) Informational reports B) Due diligence reports C) Planning proposals D) Feasibility reports E) Analytical reports
A just-in-time philosophy seeks to minimize inventories
Indicate whether the statement is true or false
A firm owns 1,000 treasury shares which it acquired for $15 per share (par value $1). The firm sells 500 of the treasury shares for $20 per share. Using the cost method, what is the entry to record the sale of the treasury stock using the cost method?
a. Cash 10,000 Common Stock-Treasury Shares 10,000 b. Cash 10,000 Common Stock-Treasury Shares 7,500 Add'l Paid-in Capital-Treasury Stock 2,500 c. Cash 10,000 Common Stock-Treasury Shares 500 Add'l Paid-in Capital-Treasury Stock 9,500 d. Cash 10,000 Common Stock-Par 1,000 Common Stock-Treasury Shares 11,000 e. Common Stock-Treasury Shares 11,000 Cash 10,000 Common Stock-Par 1,000
Stark Company's most recent balance sheet reported total assets of $1.9 million, total liabilities of $0.8 million, and total equity of $1.1 million. Its Debt to equity ratio is:
A. 1.00 B. 0.58 C. 0.42 D. 0.73 E. 1.38