The answer would be that the answer is true
It is usually called Speculative Profit so it would be B Speculation.
Answer: The answer is c $1,080 $560
Explanation:
The journal entry will be
Dr: common stock $200 million
Dr: paid in capital $180 million
In the stockholders equity section , the treasury stock is seen as a separate line item in the stockholders equity. The treasury stock will be deducted from the total stockholders equity. The treasury stock is not a part of paid in capital nor part of the retained earning.
Therefore the balance in the paid in capital excess of par Retained Earnings is 1,080 $560
Answer:
The correct answer is letter "B": differences in perception versus reality.
Explanation:
In the discussion, it is clear to see that Sam believes it is unfair to tax "responsible" people so others can benefit from the money collected. Whereas Teresa believes that providing part of those funds to promote health care programs is fair. The different points of view reflect a difference in perception over reality mostly in Sam's cases since not only "responsible" people are taxed. Everybody with revenue is. Even people who eventually benefit from social programs pay taxes too.
Answer: Yes, although the salesperson did not make any express warranties, the UCC imposes an implied warranty of merchantability under which the rotisserie is guaranteed to be fit for the ordinary purposes for which it is used.
Explanation:
From the information given, we can infer that Mason has a recourse. Even though the salesperson did not make any express warranties, it should be noted that the UCC imposes an implied warranty of merchantability and hence, the rotisserie will be guaranteed to be fit for the purposes ordinarily for which it is used.
Therefore, the correct option will be D.