The stockholders' equity section of the December 31, 2011, balance sheet for Inglenook Interiors, Inc before its recent stock dividend: Common stock, $5 par, 100,000 shares issued and outstanding $ 500,000 Additional paid-in capital 100,000 Retained earnings 725,000 Total stockholders' equity $1,325,000 Inglenook declared a 10% stock dividend when the market price per share was $8.00. After the
stock dividend, the components of Inglenook's stockholders' equity section were: Common Stock Paid-in Capital Retained Earnings
A) $580,000 $100,000 $645,000
B) $550,000 $100,000 $805,000
C) $580,000 $130,000 $805,000
D) $550,000 $130,000 $645,000
D
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Which of the following statements is true regarding the time value of money?
a. Compound interest will produce equal amounts of interest each period on a fixed deposit. b. Earning simple interest is more beneficial than earning compound interest. c. When making a purchase, it is better to make payment as soon as possible. d. It is better to receive $1 now than a year from now.
When a company expands by developing its own products rather than acquiring a competitor, the company is likely to be accused of reducing competition
Indicate whether the statement is true or false
Federal courts have exclusive jurisdiction over:
A) divorce matters. B) probate matters. C) patent disputes. D) murder cases.
Vertical integration occurs:
a. When a firm competes with another b. When a firm outsources to another c. When a firm moves into activities that were previously undertaken by a supplier or a customer d. When a firm acquires or merges with another