An effective MPR plan describes a firm's current situation, its goals, and the plans for accomplishing those goals

Castle, Inc had the following transactions in 2017, its first year of operations

• Issued 20,000 shares of common stock. The stock has a par value of $3.00 per share and was issued at $19.00 per share. • Issued 2,000 shares of $200 par value preferred stock at par. • Earned net income of $40,000. • Paid no dividends. At the end of 2017, what is the total amount of paid-in capital? A) $820,000 B) $460,000 C) $380,000 D) $780,000

When a business requires frequent reporting of the same categories of informa-tion—

a. data remain relatively constant from one reporting period to the next. b. a form report may increase the report writer's efficiency. c. employees are often excused from reporting regularly. d. the data have little value to management.