On April 1, Spring Floral, Inc has a balance of $300 in Supplies. During April, the company buys another $900 of supplies. On April 30, the company counts the supplies and finds $200 of supplies remaining
What will the company report on its April 30 balance sheet?
A) Supplies expense of $1,000
B) Supplies of $1,000
C) Supplies of $200
D) Supplies expense of $200
C
Business
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Which of the following occurs when a 2-for-1 stock split is declared?
A) The balance in Common Stock remains the same. B) The balance in Common Stock is reduced to half the original amount. C) The balance in Common Stock doubles. D) The balance in Paid-in Capital in Excess of Par-Common doubles.
Business
The purpose of tactical planning is to
a. establish a general purpose for the organization. b. translate strategic plans into specific goals and plans for organizational units. c. tell entry level workers what to do on a daily basis. d. compensate for past mistakes.
Business