Which of the following is NOT an example of a system description?

Sumner Industries began the year with 140,000 shares of common stock and 10,000 shares of 6%, $100 par value, cumulative, nonconvertible preferred stock. On April 1 it declared a 10% stock dividend on common shares

On June 1, it purchased 15,000 shares of treasury stock. On December 1, Sumner declared a 2 for 1 stock split. Net income for the year was $570,000. Compute weighted average shares of common stock for the year and basic EPS. Instructions: Write the EPS formula. Show all computations used in your solution. What will be an ideal response?

The company sold a car for $1,000 in cash. The car originally cost $3,000 and accumulated depreciation is $1,500. You know that one side of the entry will post as a credit of $1,000 to cash

Indicate whether the statement is true or false.