If a company has 150 shares of common stock and $15,000.00 to be distributed to its holders, how much would each share receive? a. $100 b. $150 c. $125 d. $50

Acompany set up a petty cash fund with $800. the disbursements are as follows: office supplies $300 shipping $50 postage $30 delivery expense $350 to create the fund, which account should be credited? a. postage b. cash at bank c. supplies d. petty cash

Amarket that consists of all possible consumers regardless of their specific needs or wants is a

Why does an organization prepare a balance sheet? a. to reveal what the organization owns and owes at a point in time b. to reveal how well the company utilizes its cash c. to calculate retained earnings for a given accounting period d. to calculate gross profit for a given accounting period