Farrah owns 5,000 shares of stock in DAS, Inc. with a market value of $15,000. DAS declares a 20%
stock dividend. After the dividend is paid, Farrah owns
A) 6,000 shares with a market value of $18,000.
B) 5,000 shares with a market value of $18,000.
C) 5,100 shares with a market value of $15,300.
D) 6,000 shares with a market value of $15,000.
D
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Given the following information, determine the cost of goods sold
Direct Labor Incurred $62,000 Manufacturing Overhead Incurred 175,000 Direct Materials Used 150,000 Finished Goods Inventory, Jan. 1 198,000 Finished Goods Inventory, Dec. 31 98,500 Work-in-Process Inventory, Jan. 1 221,000 Work-in-Process Inventory, Dec. 31 108,000 A) $500,000 B) $608,000 C) $401,500 D) $296,500
In an export/import transaction requiring a letter of credit (L/C), the exporter's (seller's) bank can be known as the "advising" bank, the "confirming" bank, or both
Indicate whether the statement is true or false