Which of the following is the special court that hears and decides business cases in Delaware?

An investor purchases a call option for $5 per share in a stock currently selling for $24 per share. The exercise price is $30 per share. On the day the option expires, the stock is selling for $29 per share

What will the investor do? What is the investor's total gain or loss? A) Exercise the option; total gain $500 B) Allow the option to expire; total gain $500 C) Allow the option to expire; total loss $500 D) Exercise the option; total loss $100

On January 1, 2009, First Bank acquired 10 cars for company use. The cost of each car was $15,000 and the bank estimated that each car would have a 4-year useful life and a residual value of $2,000

Required: a. Provide the journal entry needed on December 31, 2010, if four cars were sold for a total of $17,500 and First Bank uses double-declining-balance depreciation. b. Provide the journal entry needed on December 31, 2010, if four cars were sold for a total of $17,500 and First Bank uses straight-line depreciation. c. Assume instead of the above information that on December 31, 2010, one of the cars was wrecked. Provide the journal entry needed on December 31, 2010, if First Bank's insurance company paid $2,900 for the wrecked car and the company uses straight-line depreciation.