Bison Corp. purchased 25,000 shares of its $2 par common stock at a cost of $12 per share on April 30, 2012. The stock was originally issued at $10 per share. The entry to record the purchase of the stock should include a debit to:

a. Common Stock for $50,000.
b. Treasury Stock for $50,000.
c. Common Stock for $300,000.
d. Treasury Stock for $300,000.

Ans: d. Treasury Stock for $300,000.

Business

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The company has $75,000 to invest in shelves this week, and the warehouse has 18,000 cubic feet available for storage. Profit for each big shelf is $300 and for each medium shelf is $150. In order to maximize profit, how many big shelves (B) and how many medium shelves (M) should be purchased? A) B = 90, M = 75 B) B = 150, M = 0 C) B = 0, M = 200 D) B = 100, M = 100

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Describe the physical design stage of the systems development life cycle

What will be an ideal response?

Business