As of December 31, 2021, Warner Corporation reported the following: Cash dividends payable$39,000 Treasury stock 790,000 Paid-in capital—share repurchase 39,000 Common stock and other paid-in capital accounts 5,900,000 Retained earnings 4,900,000 During 2022, half of the treasury stock was resold for $278,000; net income was $790,000; cash dividends declared were $1,690,000; and stock dividends declared were $690,000. The 2022 sale of half of the treasury stock would: Multiple Choice Reduce income before tax by $117,000 Increase total shareholders' equity by $395,000 Reduce retained earnings by $117,000 Reduce retained earnings by $78,000

Which of the following is an example of formal management controls? answers: a firm's culturethe willingness of employees to monitor each otherbudgeting and reporting activitiesmanagerial motivation

Xyz corporation has provided the following data concerning manufacturing overhead for july: actual manufacturing overhead incurred $ 69,000 manufacturing overhead applied to work in process $ 79,000 the company's cost of goods sold was $243,000 prior to closing out its manufacturing overhead account. the company closes out its manufacturing overhead account to cost of goods sold. which of the following statements is true? multiple choice manufacturing overhead was overapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $253,000 manufacturing overhead was underapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $233,000 manufacturing overhead was underapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $253,000 manufacturing overhead was overapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $233,000

Suppose the number of equipment sales and service contracts that a store sold during the last six (6) months for treadmills and exercise bikes was as follows: treadmill exercise bike total sold 185 123 service contracts 67 55 the store can only sell a service contract on a new piece of equipment. of the 185 treadmills sold, 67 included a service contract and 118 did not.