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Which best describes par value for a stock? Select one: O A. An arbitrary amount set by the company for each share of st

Posted: Sun Jul 03, 2022 3:55 pm
by answerhappygod
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Which best describes par value for a stock? Select one: O A. An arbitrary amount set by the company for each share of stock O B. The value of the stock if it is not sold for a premium or discount O C. The current market value of the stock O D. The value at which stock shares were originally issued O E. None of the above

Under the pre-2019 accounting standards, how are operating leases reported in the lessee's balance sheet? Select one: A. As an asset that is depreciated, similar to the company's other assets. B. As either a short-term or long-term liability, depending on the length of the lease O C. At the present value of the future minimum lease payments. D. Operating leases are not disclosed in the lessee's balance sheet or annual report. E. None of the above

A firm sold property, plant, and equipment for cash proceeds of $4,200. The equipment originally cost $8,160. The company recorded a loss on sale of $2,520. The company uses the indirect method to prepare its statement of cash flows. Which of the following amounts would be included in cash from operations and cash from investing, respectively? Select one: O a. $2,520 and $0 b. None of theses are correct c. $4,200 and $2,520 d. $0 and $4,200 e. $2,520 and $4,200