A capital/Type A lease is recorded in the accounting records of the lessee (renter) with an entry that:

Zigma Corporation is authorized to issue 9,000,000 shares of $2 par value capital stock. The corporation issued half the stock for cash at $5 per share, earned $606,000 during the first three months of operation, and declared a cash dividend of $90,000. The total paid-in capital of Zigma Corporation after three months of operation is:

Land is purchased for $212,000. Additional costs include a $14,700 fee to a broker, a survey fee of $2,400, $2,250 to construct a fence, and a legal fee of $9,500. What is the cost of the land?

An example of an unusual and infrequent gain or loss is:

When an installment note is structured as a “fully amortizing” loan with equal monthly payments (such as a traditional mortgage):

Shares that have been sold and are in the hands of stockholders are called:

Which of the following is not an accurate statement regarding the distinction between debt and equity?

Public corporations are required by law or regulation to perform all of the following except:

The legal life of most patents is:

In computing earnings per share, the number of shares used is: