All of the following regarding accounting for Treasury Stock under U. S. GAAP and IFRS is true except:
Multiple Choice:
O A company's assets and equity are always reduced by the amount paid for the retiring stock.
O U. S. GAAP applies the principle that companies do not record gains or losses on transactions involving their own stock.
O Gains are not recognized on retirements of treasury stock under U. S. GAAP.
O IFRS applies the principle that companies do not record gains or losses on transactions involving their own stock.
O Only gains are recognized on retirements of treasury stock under IFRS.

Money from an allowance or job is known as .

Jose recently died with a probate estate of $900,000. he was predeceased by his wife, guadalupe, and his daughter, lucy. he has two surviving children, pete and fred. jose was also survived by eight grandchildren, pete’s three children, naomi, daniel, nick; fred’s three children, heather, chris and steve; and lucy’s two children, david and rachel. jose’s will states the following “i leave everything to my three children. if any of my children shall predecease me then i leave their share to their heirs, per stirpes.” which of the following statements is correct? (a) under jose’s will rachel will receive $150,000. (b) under jose’s will chris will receive $150,000. (c) under jose’s will nick will receive $100,000. (d) under jose’s will pete will receive $200,000.

Ashop owner uses a reorder point approach to restocking a certain raw material. lead time is six days. usage of the material during lead time is normally distributed with a mean of 42 pounds and a standard deviation of four pounds. when should the raw material be reordered if the acceptable risk of a stockout is 3 percent?