Bluesy Company purchased land with a current market value of $240,000 . Its book value in the accounts of the seller was $130,500 . In exchange for the land, Bluesy issued 20,000 shares of its common stock, par $10, with an estimated market value of $14 per share. Bluesy stock is not traded on an established stock exchange. What amount should Bluesy record as the cost of the land?

When a business plan is written after a company is up and running, it tends to

A) summarize the company's business model. B) convince outsiders to invest in the company. C) present a vision of what the company will be. D) function as a monitor-and-control mechanism. E) concisely describe products and services.

The dividend yield tells investors which of the following?

A) What their portfolio is worth on the open market B) How much in the way of a return they would receive if the stock price and the dividend level remain constant C) When the company will be releasing dividends D) How much in total the company has available to pay out in dividends E) none of the above