When materials are put into production, they are taken from the Raw Materials account and put into the Finished Goods Account

A corporation originally issued $13 par value common stock for $15 per share. Which of the following is included in the entry to record the purchase of 300 shares of treasury stock for $11 per share?

A) Treasury Stock-Common is debited for $3,300. B) Treasury Stock-Common is credited for $45. C) Retained Earnings is debited for $1,650. D) Treasury Stock-Common is debited for $1,650.

The government agency that guarantees that participants in defined-benefit plans will receive their benefits upon retirement is the:

a. Federal Pension Insurance Corporation. b. Pension Benefit Guaranty Corporation. c. Office of Pension Insurance d. Employee Pension Protection Bureau.