A company issued 60 shares of $100 par value common stock for $7,000 cash. The total amount of paid-in capital is:

A) $100 B) $600 C) $1,000 D) $6,000 E) $7,000

On February 1, 2012, Nelson Corporation purchased a parcel of land as a factory site for $250,000. An old building on the property was demolished, and construction began on a new building which was completed on November 1, 2012.

Collection on a portion of Accounts Receivable will: Select one: a. Increase total liabilities b. Not affect total assets c. Increase stockholders' equity d. Decrease net income e. Not affect total receivables

Buehler Company on June 15th sells merchandise on account to Chaz Co. for $1,000, terms 2/10, n/30. On June 20th, Chaz Co. returns merchandise worth $300 to Buehler Company. On June 24th, payment is received from Chaz Co. for the balance due.

Irfan is a small business entrepreneur who has taken a mortgage loan to finance his business. He needs to repay the loan over a span of 15 years. Which part of Irfan's business's balance sheet would this amount of money be seen? A. current assets B.

Most countries, including the united states, import substantial amounts of goods and services from other countries.

Kevin and Maria are building their portfolios. Kevin purchases shares in a mutual fund and pays fees to a manager who actively manages the mutual fund's portfolio.

Beth has just been hired as a cocktail waitress. she must be certified as a seller-server within:

Ashbury Corporation reports 2016 and 2017 total revenues of $90.0 million and $100.8 million respectively. If we expect prior growth to persist, we would forecast a revenue growth rate of:A. 15%B. 12%C. 24%D. 9%E. None of the above

At the beginning of the year, Smith, INc., budgeted the following: Units: 10,000 Sales: $100,000 Total variable expenses: $ 60,000 Total fixed expenses: $ 20,000 Variable factory overhead $ 30,000 Fixed factory overhead: $ 10,000 There were no

Super Saver Groceries purchased store equipment for $35,500. Super Saver estimates that at the end of its 10-year service life, the equipment will be worth $3,500.