Wish Corporation Acquired a Computer for $15,000 and Paid for It

question 81

True/False

Wish Corporation acquired a computer for $15,000 and paid for it in full by issuing 1,000 shares of its own common stock,par $10 (current market price $15 share).This transaction should not be reported within the statement of cash flows because cash was neither received nor disbursed.

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Definitions:

Labor Demand

The total amount of workers that employers are willing and able to hire at a given wage level in a certain time period.

Labor Supply

The total hours that workers wish to work at a given wage rate, representing the availability of labor for production.

Equilibrium Wage

The salary level where the amount of work sought by employers matches the amount of work offered by employees.

Wage Discrimination

The practice of paying different wages to employees who do similar work based on the employees' gender, race, age, or other non-merit-based factors.