Wanna maybe ...I don't know give answer key?
The Securities and Exchange Commission could fine Bob.
Option D.
<u>Explanation:
</u>
The U.S. Securities and Exchange Commission (SEC) have been established as a self-governing federal government entity that protects investors, maintains the securities markets running equally and normally and promotes capital formation. The first federal control board on securities markets were set up by Congress in 1934.
The SEC will only initiate civil proceedings against violations of law, but deals on criminal proceedings with the Justice Department. The SEC recovered approximately Four billion dollars in fines and other damage following its investigation after the Great depression.
Answer:
The land should be reported at $130,000
Explanation:
In this question, we have to apply one of the Generally Accepted Accounting Principle (GAAP), i.e. Historical cost principle.
Historical Cost Principle: According to this principle, the value of fixed assets should be recorded at the purchase price or book value.
So, in the given case, the land should be reported at $130,000 irrespective of whatever amount is given in the question
Answer:
C. 7.5%
Explanation:
We know,
Dividend yield = (Annual dividends per share ÷ Market price of common stock) × 100
Given,
Market price of common stock = $20
Annual dividends per share = Total dividends paid ÷ Number of shares of common stock outstanding (assuming there is no preferred stock)
Annual dividends per share = $9,000 ÷ 6,000 shares = $1.5 per share
Therefore,
Dividend yield = ($1.5 per share ÷ $20) × 100
Dividend yield = 0.075 × 100
Hence, Dividend yield = 7.5%
Therefore, <em>option </em><em>C</em><em> is the answer.</em>
