Thursday, May 21, 2020
Chuck Closes Life and Book Review Essay - 1686 Words
Chuck Close was born on July 5, 1940, in Monroe, Washington, and grew up in the blue-collar town of Everett. He earned his B.A. from the University of Washington, Seattle, in 1962, and two years later his M.F.A. from Yale University, and taught art classes at the University of Massachusetts. Close was married to Leslie Rose for more than four decades and together have two daughters. The couple first daughter, Georgia Molly, was born in 1973, and Maggie Sarah in 1984. He has lived with Prosopagnosia, a disorder that impaired the ability to recognize faces, but not objects. It would be this disorder that would shape his career as a photorealist, doing close-up as a way to remember and recognize his subjects including his friends. Chuck Closeâ⬠¦show more contentâ⬠¦They say that through time people change the way they see things and lately my taste for art has changed. Today I no longer root for Goliath, but instead for David. In todayââ¬â¢s art world we could probably say tha t without trepidation that Chuck Close is our David. Close had to overcome many obstacles to reach his success. He had to deal with many disabilities and a life-threatening stroke that almost killed him, but instead he used those obstacles in his life as a motivation to accomplish his goals both as an artist and individual. Although I was somehow familiar with the artist I had never read anything in length about him. I decided to make a selection of books of the artist in order to learn more about the artist. The books that I selected would inform and delight those who want to know more in depth about the artist career and private life. One of the most interesting books written about Chuck Close is Chuck Close: Work (Prestel Publishing, $85). This book is fascinating both because Christopher Finch, an artist, author, and former associate curator for the Walker Art Center, and his close relationship wrote it with the artist. Finch first encounter with Close was at the Walker Art Center. Their first
Wednesday, May 6, 2020
Different Perspectives And The Key Debates Within...
This essay will aim to describe and evaluate the behaviourist approach while referring to other perspectives and the key debates within psychology. Behaviourism believes that human behaviour can be explained in terms of conditioning, without the need to consider thoughts or feelings (Cardwell Flanagan, 2015). The Behaviourist approach has a number of assumptions such as it emphasises that psychology needs to be scientific, to do this you must only study observable and measurable behaviour while producing empirical data. This means that you can produce systematic and replicable results which would be reliable in their accuracy, so you are able to produce a credible conclusion to your theory (McLeod, 2016). This can be shown by research by Clark Hull (1943), in which he stated that we have two types of drives: primary, these are innate such as the drive for hunger and secondary which are conditioned such as the drive to earn money. Motivation (a response) is formed by the want to reduce these drives (a stimulus) as these cause discomfort and tension (Culatta, 2015). You will know if you have conditioned a drive to someone by (confusing) observing their behaviours associated with motivation and you can measure how many are displayed. And so, you can conclude whether drives can be conditione d or not. However, being scientific, on the whole, produces results with low ecological validity because to control variables, experimentation usually happens within a laboratory settingShow MoreRelatedSocial And Cultural Context Of Psychology818 Words à |à 4 PagesKatja Gavrilina Define the term Psychology and discuss its history in light of social and cultural context, highlighting the significance of different perspectives in Psychology. Psychology is defined as the scientific study of mental processes and human behaviour. It had roots in philosophy and physiology, before becoming an independent scientific discipline in the late 1800 s. Descartes (1641) suggested that the mind and the body work separately, together creating the human experienceRead More Social Psychology Essay1687 Words à |à 7 PagesThere are many explanations for the origins of modern social psychology. It is therefore important to consider that social psychology cannot be traced back to one single source of origin (Burr, 2003). Hence, this is the reason why there are debates of what social psychology is. Allport (1985) described social psychology as the study an individualââ¬â¢s thoughts, feelings, and behaviours which are influenced by the actual, imagines, or implied presence of others. As seen from this definition there isRead MoreThe Theoretical Approaches Of Psychology1651 Words à |à 7 PagesPsychology is the scientific ââ¬Å"study of the mindâ⬠(Gross, 2015) and behaviour, which includes the study of humans and animals. There are various approaches in modern psychology. A theoretical approach is a perspective which is someoneââ¬â¢s view about human behaviour, there can be many different theories within an approach, however they all piece together the same assumptions. (McLeod, 2007). A theory is an attempt by theorists to try to explain behaviour. Theories are not facts but can be verified byRead MoreCore Assumptions1565 Words à |à 7 PagesWhat are the core assumptions and key features of the biological and psychoanalytic perspectives in psychology? In what ways are they similar and how do they differ? When comparing the biological and psychoanalytic approach to psychology, you are able to see that they are different from one another. For example, the biological approach assumes that the mind and behaviour originate from the functioning of the body and that behaviour is driven by biological instincts. Whereas the psychoanalytic approachRead MoreCore Assumptions1555 Words à |à 7 PagesWhat are the core assumptions and key features of the biological and psychoanalytic perspectives in psychology? In what ways are they similar and how do they differ? When comparing the biological and psychoanalytic approach to psychology, you are able to see that they are different from one another. For example, the biological approach assumes that the mind and behaviour originate from the functioning of the body and that behaviour is driven by biological instincts. Whereas the psychoanalytic approachRead MoreThe, Biological And Humanistic Approaches And Will Compare And Contrast Assumptions On Human Behavior1347 Words à |à 6 PagesIn psychology there are many different approaches to understanding the complexity of human behaviour, all of which have different methods of testing what factors can influence behaviour, varying from scientific to pure assumption in an attempt to understand human behaviour. This essay with explain the key ideas of the behaviourist, biological and humanistic approaches and will compare and contrast their assumptions on human behaviour. According to McLeod (2017), behaviourism is an approach in psychologyRead MoreIs Criminal Behaviour Inherited or Learned?1429 Words à |à 6 Pages Criminologists and sociologist have long been in debate for centurys to explain criminal behaviour. The two main paradigms of thought are between nature and nurture. Nature is in reference to a learnt behaviour where a multitude of characteristics, in society influence whether a person becomes deviant such as poverty, physical abuse or neglect. Nurture defines biological features which could inevitability lead to a individuals deviant or criminal behaviour, because criminality is believedRead MoreCriticle Article Review: Violent Video Games Essay1430 Words à |à 6 Pagesï » ¿ Critical Article Review Psychology 475 Liberty University Abstract The aim of this paper is to provide a critical review of the article The Effect of Video Game Violence on Physiological Desensitization to Real-life Violence by Nicholas L. Carnagey, Craig A. Anderson, and Brad J. Bushman (2007). In this article Carnagey, Ander and Bushman experimentally examine the effects that violent video games have on those playing them, specifically in the area ofRead MoreThe Nature And Nature Of Intelligence And Abnormality Under The Developmental And Cognitive Psychology1229 Words à |à 5 Pagesaim of my assignment is to confirm the understanding of the nature and nurture debate in regards to intelligence and abnormality under the developmental and cognitive Psychology. The research will demonstrate an understanding of the discipline and key theoretical perspectives in Psychology explaining some of the principles like PsychodynamismPsychodynamic, Behaviourism, Biological, Cognitive, Humanistic psychology . In the study of development, nature refers to the inherited (genetic) characteristicsRead MoreApplying Learning Theories Of Learning1469 Words à |à 6 Pagesaddress principles of learning, schema and scaffolding, adaption, metacognition, and strategies to ensure learning success. The term behaviorism refers to the school of psychology founded by John B. Watson. Behaviorism theory is based on the idea that behaviors can be measured, trained, and changed. In D. A. Liebermanââ¬â¢s book Psychology of learning (2012, Ch. 2.3), he states, ââ¬Å"Watson believed that psychologists should be concerned with overt behavior rather than the hidden processes of the mind, and
Final Exam Acc/291 Free Essays
ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- 1) The Sarbanes-Oxley Act requires that all publicly traded companies maintain a system of internal controls. Internal controls can be defined as a plan to A. safeguard assets B. We will write a custom essay sample on Final Exam Acc/291 or any similar topic only for you Order Now monitor balance sheets C. control liabilities D. evaluate capital stock ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- 2) The purchase of treasury stock A. decreases common stock authorized B. decreases common stock issued C. decreases common stock outstanding D. has no effect on common stock outstanding ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- ) Marsh Company has other operating expenses of $240,000. There has been an increase in prepaid expenses of $16,000 during the year, and accrued liabilities are $24,000 lower than in the prior period. Using the direct method of reporting cash flows from operating activities, what were Marshââ¬â¢s cash payments for operating expenses? A. $228,000 B. $232,000 C. $200,000 D. $280,000 ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬ââ⠬âââ¬âââ¬âââ¬âââ¬â- 4) Where would the event purchased land for cash appear, if at all, on the indirect statement of cash flows? A. Operating activities section B. Investing activities section C. Financing activities section D. Does not represent a cash flow ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- 5) In performing a vertical analysis, the base for cost of goods sold is A. total selling expenses B. net sales C. total revenues D. total expense ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- 6) Blanco, Inc. has the following income statement (in millions): BLANCO, INC. Income Statement For the Year Ended December 31, 2011 Netà Sales â⬠¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦ $200 Cost of Goods Sold â⬠¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦ 20 Gross Profit â⬠¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦ 80 Operating Expenses â⬠¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦ 4 4 Net Income â⬠¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦ $ 36 Using vertical analysis, what percentage is assigned to Net Income? A. 100% B. 82% C. 18% D. 25% ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- 7) Dawson Company issued 500 shares of no-par common stock for $4,500. Which of the following journal entries would be made if the stock has a stated value of $2 per share? A. Cash â⬠¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦.. $4,500à Common Stock 4,500 B. Feature Article Fin 486 Final Exam Cash â⬠¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦ $4,500 Common Stock 1,000 Paid-In Capital in Excess of Par 3,500 C. Cash â⬠¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦. $4,500 Common Stock 1,000 Paid-In Capital in Excess of Stated Value 3,500 D. Common Stock â⬠¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦.. $4,500à Cash 4,500 ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- 8) Andrews, Inc. paid $45,000 to buy back 9,000 shares of its $1 par value common stock. This stock was sold later at a selling price of $6 per share. The entry to record the sale includes a A. credit to Paid-In Capital from Treasury Stock for $9,000 B. credità to Retained Earnings for $9,000 C. debit to Pain-In Capital from Treasury Stock for $45,000 D. debit to Retained Earnings for $45,000 ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- 9) Which of the following is a fundamental factor in having an effective, ethical corporate culture? A. Efficientà oversight by the companyââ¬â¢s Board of Directors B. Workplace ethics C. Code of conduct D. Ethics management programs ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- 10) Two individuals at a retail store work the same cash register. You evaluate this situation as A. violation of establishment of responsibility B. a violation of segregation of duties C. supporting the establishment of responsibility D. supporting internal independent verification ââ¬âââ¬âââ¬âââ¬âââ¬ââ â¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- 11) The Sarbanes-Oxley Act imposed which new penalty for executives? A. Fines B. Suspension C. Criminal prosecution for executives D. Return of ill-gotten gains ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- 12) Hahn Company uses the percentage of sales method for recording bad debts expense. For the year, cash sales are $300,000 and credit sales are $1,200,000. Management estimates that 1% is the sales percentage to use. What adjusting entry will Hahn Company make to record the bad debts expense? A. Bad Debts Expense â⬠¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦. $15,000à Allowances for Doubtfulà Accounts â⬠¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦. $15,000 B. Bad Debts Expense â⬠¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦. $12,000à Allowances for Doubtful Accounts â⬠¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦. $12,000 C. Bad Debts Expense â⬠¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦. $12,000à Accounts Receivable â⬠¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦.. $12,000 D. Bad Debts Expense â⬠¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦. 15,000à Accounts Receivable â⬠¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦. â⠬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦. â⬠¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦.. $15,000 ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- 13) Using the percentage of receivables method for recording bad debts expense, estimated uncollectible accounts are $15,000. If the balance of the Allowance for Doubtful Accounts is $3,000 credit before adjustment, what is the amount of bad debts expense for that period? A. $15,000 B. $12,000 C. $18,000 D. $8,000 ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- 14) Intangible assets A. should be reported under the heading Property, Plant, and Equipment B. hould be reported as a separate classification on the balance sheet C. should be reported as Current Assets on the balance sheet D. are not reported on the balance sheet because they lack physical substance ââ¬âââ¬âââ¬âââ¬âââ¬â ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- 15) Intangible assets are the rights and privileges that result from ownership of long-lived assets that A. must be generated internally B. are depletable natural resources C. do not have physical substance D. have been exchanged at a gain ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- 16) The book value of an asset is equal to the A. assetââ¬â¢s market value less its historicà cost B. blue book value relied on by secondary markets C. replacement cost of the asset D. assetââ¬â¢s cost less accumulated depreciation ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- 17) Gains on an exchange of plant assets that has commercial substance are A. deducted from theà costà of the new asset acquired B. deferred C. not possible D. recognized immediately ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- 18) Ordinary repairs are expenditures to maintain the operating efficiency of a plant asset and are referred to as A. capital expenditures B. expense expenditures C. improvements D. revenue expenditures ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- 19) When an interest-bearing note matures, the balance in the Notes Payable account is A. less than the total amount repaid by the borrower B. the difference between the maturity value of the note and the face value of the note C. equal to the total amount repaid by the owner D. greater than the total amount repaid by the owner ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- 20) The interest charged on a $200,000 note payable, at a rate of 6%, on a 2-month note would be A. 12,000 B. $6,000 C. $3,000 D. $2,000 ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- 21) Costs incurred to increase the operating efficiency or useful life of a p lant asset are referred to as A. capital expenditures B. expense expenditures C. ordinary repairs D. revenue expenditures ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- 22) If a corporation issued $3,000,000 in bonds which pay 10% annual interest, what is the annual net cash cost of this borrowing if the income tax rate is 30%? A. $3,000,000 B. $90,000 C. $300,000 D. $210,000 ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- 3) Hilton Company issued a four-year interest-bearing note payable for $300,000 on January 1, 2011. Each January the company is required to pay $75,000 on the note. How will this note be reported on the December 31, 2012 balance sheet? A. Long-termà debt, $300,000. B. Long-term debt, $225,000. C. Long-term debt, $150,000; Long-term debt due within one year, $75,000. D. Long-term debt, $225,000; Long- term debt due within one year, $75,000. ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- 24) A corporation issued $600,000, 10%, 5-year bonds on January 1, 2011 for 648,666, which reflects an effective-interest rate of 8%. Interest is paid semiannually on January 1 and July 1. If the corporation uses the effective-interest method of amortization of bond premium, the amount of bond interest expense to be recognized on July 1, 2011, is A. $30,000 B. $24,000 C. $32,434 D. $25,946 ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- 25) When the effective-interest method of bond discount amortization is used A. the applicableà interest rateà used to compute interest expense is the prevailing market interest rate on the date of each interest payment date B. the carrying value of the bonds will decrease each period C. nterest expense will not be a constant dollar amount over the life of the bond D. interest paid to bondholders will be a function of the effective-interest rate on the date the bonds were issued ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âà ¢â¬â- 26) If a corporation has only one class of stock, it is referred to as A. classless stock B. preferred stock C. solitary stock D. common stock ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- 27) Capital stock to which the charter has assigned a value per share is called A. par value stock B. no-par value stock C. stated value stock D. assigned value stock ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- 28) ABC, Inc. has 1,000 shares of 5%, $100 par value, cumulative preferred stock and 50,000 shares of $1 par value common stock outstanding at December 31, 2011. What is the annual dividend on the preferred stock? A. $50 per share B. $5,000 in total C. $500 in total D. $. 50 per share ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- 29) Manner, Inc. has 5,000 shares of 5%, $100 par value, noncumulative preferred stock and 20,000 shares of $1 par value common stock outstanding at December 31, 2011. There were no dividends declared in 2010. The board of directors declares and pays a $45,000 dividend in 2011. What is the amount of dividends received by the common stockholders in 2011? A. $0 B. $25,000 C. $45,000 D. $20,000 ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- 30) When the selling price of treasury stock is greater than its cost, the company credits the difference to A. Gain on Sale of Treasury Stock B. Paid-in Capital from Treasury Stock C. Paid-in Capital in Excess of Par Value D. Treasury Stock How to cite Final Exam Acc/291, Essay examples
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