Gordon Corporation Reported the Following Equity Section on Its Current

question 143

Multiple Choice

Gordon Corporation reported the following equity section on its current balance sheet. The common stock is currently selling for $11.50 per share. Which of the following would be TRUE if the company issued a 2-for-1 stock split?

• A)Retained earnings would be decreased by $460,000.
• B)Common stock would be increased by $200,000.
• C)Paid-in capital in excess of par would be increased by $260,000.
• D)None of the account balances would change.

Identify the legal doctrines related to employment, including employment at will and exceptions to it.

Understand the concept of ratification and its significance in the context of agency and employment law.

Comprehend the principles of estoppel and how they apply to employment and agency relationships.

Differentiate between various employment relationships, including master-servant, independent contractor, and joint employment.

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Definitions:

Means-ends Calculation

A process of decision-making that involves analyzing the best way to achieve a desired outcome.

Practical Rationality

Decision-making processes and actions that are oriented toward achieving specific, practical outcomes rather than adhering to theoretical or ideological principles.

Theoretical Rationality

The capacity to apply reason and logic in constructing theoretical frameworks, often contrasting with practical reasoning used in everyday decision-making.

Substantive Rationality

A way of acting that takes into account the wider value or purpose of an action, rather than merely following a set of rules.