Which alternative is an example of an intangible asset?
A)
A common stock
B)
A bond
C)
A mutual fund share
D)
all of the above
D
Business
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Stock given as consideration is valued at:
A) Fair Market Value B) Par Value C) Historical Cost D) None of the Above
Business
On November 1, 2017, Oster, Inc. declared a dividend of $4.50 per share. Oster, Inc. has 23,000 shares of common stock outstanding and no preferred stock. Which of the following is the journal entry needed to record the declaration of the dividend?
A) Debit Dividends Payable-Common $103,500, and credit Retained Earnings $103,500. B) Debit Cash Dividends $103,500, and credit Cash $103,500. C) Debit Cash Dividends $103,500, and credit Dividends Payable-Common $103,500. D) Debit Cash $103,500, and credit Dividends Payable-Common $103,500.
Business