A corporation originally issued $7 par value common stock for $13 per share. It purchased the stock for $17 per share. Which of the following is included in the entry to record the sale of 20 shares of treasury stock for $18 per share?  

Which of the following describes the financing activities section of the statement of cash flows? 

Preferred stockholders ________. 

Which of the following occurs when a corporation distributes a stock dividend? 

Which of the following occurs when a cash dividend is declared? 

The two basic sources of stockholders’ equity are ________. 

The amount of time a Plaintiff has before filing a lawsuit is called ______________.

Our Business Law class formed a new country, the Republic of Deltaland. Our new legislature has been busy and only had time to enact two criminal laws. The first law is:  Do not wear athletic shoes to school. William wears bowling shoes to class after the two laws go into effect. If you are the Judge, is he guilty? Explain your answer.  

A(n) ________________ is a government board or commission with the authority to regulate matter or implement law.

In the elevator incident described above, you sustained severe injuries, including a broken leg, a concussion, four broken ribs and a ruptured lumbar disc. Your medical bills total $48,000. You also missed three (3) months of work because of your injuries. Your salary is $3,000 per month. Would you want to file suit in Monroe City Court? Explain why or why not.