________ trust exists whenever people believe that another person will behave as promised out of fear of

If an employer does not thoroughly check information provided by a potential employee who later commits a crime while an employee, the company can be held liable for a negligent hiring

Indicate whether this statement is true or false.

During the first year of operations, New York Corporation had the following transactions:

? Jan. 1 — Issued 50,000 shares of $1 par value common stock at $20 per share. ? May 24 — Reacquired 5,000 shares of common stock sold on Jan. 1 for $23 per share. ? Aug. 31 — Sold 500 shares of its treasury stock purchased on May 24 for $25 per share. ? Oct. 18 — The board of directors declared and distributed a 10% common stock dividend. The market price of the common stock was $26 per share at the time of the declaration. ? Nov. 24 — The board of directors declared a cash dividend of $0.50 per share payable to stockholders on December 8. ? Dec. 8 — Paid the cash dividends declared on November 24. Required: Prepare the journal entries for the above transactions. Omit explanations.