JD says that for some the LIBOR scandal is more an ethical failure of ____ than of ____.

The clause in the deed that conveys the rights and privileges of ownership is called the

A) habendum clause. B) appurtenance clause. C) granting clause. D) acknowledgment.

In some cases, particularly when the reissue of treasury stock results from the exercise of employee stock options, the amount paid by the firm to reacquire the treasury shares exceeds the subsequent reissue price. If the firm uses the cost method, it debits the balance to

a. Additional Paid-In Capital account so long as that account has a sufficiently large credit balance. To the extent the required debit exceeds the credit balance in the Additional Paid-In Capital account, the firm reduces that account to zero and debits the excess to Retained Earnings. b. Additional Paid-In Capital. c. Retained Earnings. d. Net Income. e. Accumulated Other Comprehensive Income.