Advertising expenses would be considered which element of the value chain?

A firm issued 10,000 shares of $2 par-value common stock, receiving proceeds of $40 per share. The amount recorded for the paid-in capital in excess of par account is ________

A) $420,000 B) $380,000 C) $400,000 D) $800,000

If a country's corporate tax rate is flat, when does it not make sense for a firm to hedge?

What will be an ideal response?