- Statement: "SYSTEMATIC RISK IS BOTH UNPREDICTABLE AND IMPOSSIBLE TO COMPLETELY AVOID." True or False and why?
- Refurbish, Inc., bought 1,000 shares of its own stock for $8,000. Later it reissued the shares for $10,000. The journal entry to record the sale of treasury stock includes a(n) ______.
- _________ per share equals Net Income divided by the average shares of common stock ___________. (assume no preferred stock).
- similar to a stock split, a stock __________ also distributes additional shares of stock to existing stockholders on a pro rata basis at no cost to the stockholders.
- _____________ reports the cumulative amount of net income earned by the company less the cumulative amount of dividends since the corporation began.
- Which of the following line item amounts would be under the Retained Earnings column of a statement of stockholders' equity?
- Earnings per share (EPS) equals ______ divided by the average shares of common stock outstanding. (Assume no preferred stock has been issued.)
- Which of the following line items would be found on a statement of stockholders' equity that would not be on the statement of retained earnings?
- Dividends Payable is recorded as a credit on the ______.
- Refurbish, Inc., reissued 1,000 shares of its treasury stock for $10,000. Prior to the reissuance, the Treasury Stock balance was $12,000, which included the $8,000 cost of the 1,000 shares reissued. After recording this transaction, ______.
- When does a corporation record an increase in Dividends Payable?
- Refurbish, Inc. bought 1,000 shares of its own stock at $8 a share. Later, it reissued the shares for $10,000. The effect of the entry to record the sale of treasury stock on the accounting equation includes a(n) ______.
- The journal entry to record reissuing treasury stock at a price below the cost of the treasury stock includes a ______.
- According to Section 1616, what are the 3 factors in determining a reasonable price for the government?
- Which part of the FAR identifies costs as either allowable or allocable?
- If Government Furnished Property is a factor and one contractor chose to use it and one didn't, this would set up a price related factor situation. What would the price analyst need to do at this point?
- What are the three common estimating methods a contractor uses for his proposals?
- Which part of the FAR identifies costs as allowable(2) or allocable(4)?
- For reasons of practicality, the contractor may treat any direct cost of a __________________________as an indirect cost if the accounting treatment?
- How do you recalculate the price of an item from one price index time period to another?