You see what you want or expect to see with this perceptual mechanism:
A) attribution error B) halo effect C) self-ful?lling prophecy D) selective attention
C
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The Vernon Corporation was formed on January 2, 2018. The company sold 20,000 shares of $8.00 par value stock for $20.00 per share. On July 1, 2018, Vernon bought back 4,000 shares of stock for $24.00 per share. The treasury stock was resold on September 1, 2018 for $32.00 per share.Which one of the following is the correct entry to record the resale of treasury stock?
A.
| DR Cash | 128,000 | ? |
| CR Treasury stock | ? | 96,000 |
| CR Retained earnings | ? | 32,000 |
B. DR Cash 128,000 CR Common stock 128,000
| DR Cash | 128,000 | ? |
| CR Common stock | ? | 128,000 |
C.
| DR Cash | 128,000 | ? |
| CR Treasury stock | ? | 96,000 |
| CR Paid-in capital from treasury stock | ? | 32,000 |
D.
| DR Cash | 128,000 | ? |
| CR Treasury stock | ? | 96,000 |
| CR Gain on sale of treasury stock | ? | 32,000 |
Use this information to answer the following question. Beginning inventory 100 units @ $8.00 Purchase-Oct. 200 units @ $6.00 Purchase-Dec. 100 units @ $12.00 A periodic inventory system is used; ending inventory is 140 units. What is cost of goods sold under FIFO?
A) $1,760 B) $3,160 C) $2,160 D) $4,160
The doctrine that requires Congress to provide agencies with legitimate,
comprehensible guidelines is called: a. intelligible principle b. standards principle c. justifiable principle d. permissible principle
Sarbanes Oxley Act is unique in making whistleblower retaliation a:
a. state crime. b. federal crime. c. individual state torts. d. multi state torts.