A firm has the balance sheet accounts, Common Stock and Paid-in Capital in Excess of Par, with values of $10,000 and $250,000, respectively. The firm has 10,000 common shares outstanding
If the firm had a par value of $1, the stock originally sold for ________.
A) $24/share
B) $25/share
C) $26/share
D) $30/share
C
Business
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Which of the following is NOT a benefit of a flat organizational structure?
A) Employees can respond quickly to customers. B) Individual companies would make lower profits. C) There is extensive room for advancement. D) It is easy to communicate, because employees often work in teams.
Business
Whenever an auditor issues a qualified report, he or she must use the term "except for " in the opinion paragraph
Indicate whether the statement is true or false
Business