Homework Answers
1) Solution: the courts
The Constitution of United States was interpreted by the country's Supreme Court to permit the corporations to incorporate in the state of their choice
2) Solution: B and C, but not A
Explanation: Shareholders' equity includes retained earnings, par-value and additional paid-in capital i.e the additional amount of money in excess of par value
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1. The incorporation of companies in the US is controlled
by;
2. Stockholders'equity frequently includes which...
Which of the following best ts the description of a natural monopoly? a) The US government...
Which of the following best ts the description of a natural monopoly? a) The US government has granted the Post O�ce a monopoly on the delivery of �rst class mail. 9. b)Prior to the 1940's, Alcoa had a monopoly because it controlled all of the US bauxite mines. c)Until 2016, AstroZeneca had a patent on Celestra, a cholesterol medication. d)Tap water service has a monopoly since economies of scale make it impractical for multiple companies to place water pipes.
Help on Accounting Study Guide? ate Accounts and Es b) Why might some companies issue stock dividends instead of cash dividends? e)ABC Company currently has 100,000 shares of common stock with a p...
Help on Accounting Study Guide?
ate Accounts and Es b) Why might some companies issue stock dividends instead of cash dividends? e)ABC Company currently has 100,000 shares of common stock with a par value of S2 before a 2-for-1 split. What is the number of shares and par value after the split? Los. How is the complete corporate income statement prepared? ) What may appear on a corporation's income statement that generally does not a ppear for smaller business? L06...
1. Safeguard protection (the escape clause) applies to permanent protection provided to home industries encountering competition...
1. Safeguard protection (the escape clause) applies to permanent protection provided to home industries encountering competition from unfairly traded foreign goods. a. True b. False 2. Under the government procurement policy of the World Trade Organization, federal-state-local governments are prevented from discriminating in favor of the products of domestic suppliers on contracts valued at $1 million and more. a. True b. False 3. The fast-track provision of U.S. trade law has the effect of speeding up the timetable during which...
Which of the following statements is true of the terms under which companies compete? Select one:...
Which of the following statements is true of the terms under which companies compete? Select one: a. The governments of subsidiary countries establish the terms of competition and trade on various transactions. b. The terms under which companies compete is determined by the fluctuations in the exchange rate of the currencies of subsidiary countries. c. The terms under which companies compete is determined by direct negotiation between the host government and the multinational corporation. d. The ability to curtail unprofitable...
13. Which one of the following provides strong evidence that internationalization continues to grow in the...
13. Which one of the following provides strong evidence that internationalization continues to grow in the world economy? import restrictions by the Bush Administration on foreign steel efforts suggested by politicians to restrict the sourcing of foreign products by locally headquartered multinationals the growing volume of foreign direct investment by U.S. as well as other multinational companies pressure on governments to embargo unfriendly nations 14. For the multinational corporation, which one of the following complements to the integration of world...
6. Which company has the highest risk as measured by beta (b)? A. Merrill Lynch (beta=...
6. Which company has the highest risk as measured by beta (b)? A. Merrill Lynch (beta= 1.5) B. Microsoft (beta = 1.2) C. Coca-Cola (beta = 1) D. Florida Power (beta 0.7) B. 5% bonds are issued by the U.S. (Federal) government A. Treasury B. Corporate vi brod- T o thong bao ) C. Municipal de los otro longobbat D. Foreign brod-Tool bords) moto mbalcodes 8. Which expected return would you prefer? nuo blow A. 0% ) trong bato blow...
The year-end balance sheet of Columbus Products, Inc., includes the following stockholders’ equity section (with certain...
The year-end balance sheet of Columbus Products, Inc., includes the following stockholders’ equity section (with certain details omitted). Stockholders' equity: Capital stock: 7% cumulative preferred stock, $100 par value $ 15,000,000 Common stock, $5 par value, 5,000,000 shares authorized, 3,900,000 shares issued and outstanding 19,500,000 Additional paid-in capital: Common stock 49,000,000 Retained earnings 64,450,000 Total stockholders’ equity $ 147,950,000 From this information, compute answers to the following questions. a. How many shares of preferred stock have been issued? b. What...
The year-end balance sheet of Ft. Smith Products includes the following stockholders’ equity section (with certain...
The year-end balance sheet of Ft. Smith Products includes the following stockholders’ equity section (with certain details omitted). Stockholders' equity: 7 1/2% cumulative preferred stock, $100 par value, 100,000 shares authorized $ 2,300,000 Common stock, $2 par value, 900,000 shares authorized 900,000 Additional paid-in capital: common stock 8,100,000 Retained earnings 2,595,000 Total stockholders' equity $ 13,895,000 Required: From this information, compute answers to the following questions. a. How many shares of preferred stock have been issued? b. What is the...
28. On May 1, 2010, ROK Corporation had 400,000 shares of $30 par value common stock outstanding,...
28. On May 1, 2010, ROK Corporation had 400,000 shares of $30 par value common stock outstanding, with a market value of $90 per share. On May 2, 2010, ROK announced a 3-for-1 stock split. After the split, what was the par value of the stock? a. $10 b. $20 c. $30 d. $90 29. Which of the following statements is TRUE? a. Stock Splits decrease total stockholders' equity b. Cash Dividends decrease total Stockholders' Equity c. Stock Dividends decrease total Stockholders' Equity d. All of...
The year-end balance sheet of Ft Smith Products includes the following stockholders' equity section (with certain...
The year-end balance sheet of Ft Smith Products includes the following stockholders' equity section (with certain details omitted). Stockholders' equity: 7 1/2 cumulative preferred stock, $100 par value, 100, eee shares authorized Common stock, $2 par value, 9ee, eee shares authorized Additional paid-in capital: common stock Retained earnings Total stockholders' equity $ 2,4ee,eee 900, cee 9,000,000 2.595, e90 $14,895,888 Required: From this information, compute answers to the following questions a. How many shares of preferred stock have been issued? b....
Help on Accounting Study Guide?
ate Accounts and Es b) Why might some companies issue stock dividends instead of cash dividends? e)ABC Company currently has 100,000 shares of common stock with a par value of S2 before a 2-for-1 split. What is the number of shares and par value after the split? Los. How is the complete corporate income statement prepared? ) What may appear on a corporation's income statement that generally does not a ppear for smaller business? L06...
13. Which one of the following provides strong evidence that internationalization continues to grow in the world economy? import restrictions by the Bush Administration on foreign steel efforts suggested by politicians to restrict the sourcing of foreign products by locally headquartered multinationals the growing volume of foreign direct investment by U.S. as well as other multinational companies pressure on governments to embargo unfriendly nations 14. For the multinational corporation, which one of the following complements to the integration of world...
6. Which company has the highest risk as measured by beta (b)? A. Merrill Lynch (beta= 1.5) B. Microsoft (beta = 1.2) C. Coca-Cola (beta = 1) D. Florida Power (beta 0.7) B. 5% bonds are issued by the U.S. (Federal) government A. Treasury B. Corporate vi brod- T o thong bao ) C. Municipal de los otro longobbat D. Foreign brod-Tool bords) moto mbalcodes 8. Which expected return would you prefer? nuo blow A. 0% ) trong bato blow...
The year-end balance sheet of Ft Smith Products includes the following stockholders' equity section (with certain details omitted). Stockholders' equity: 7 1/2 cumulative preferred stock, $100 par value, 100, eee shares authorized Common stock, $2 par value, 9ee, eee shares authorized Additional paid-in capital: common stock Retained earnings Total stockholders' equity $ 2,4ee,eee 900, cee 9,000,000 2.595, e90 $14,895,888 Required: From this information, compute answers to the following questions a. How many shares of preferred stock have been issued? b....
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