Roberto designers was organized on january 1, 2021. the firm was authorized to issue 100,000 shares of $5 par value common stock. during 2021, roberto had the following transactions relating to stockholders equity:
issued 10,000 shares of common stock at $7 per share.
issued 20,000 shares of common stock at $8 per share.
reported a net income of $100,000.
paid dividends of $50,000.
purchased 3,000 shares of treasury stock at s10 (part of the 20,000 shares issued at $3)
what is the balance in the treasury stock account at the end of 2021?
a) $160,000.
b) $30,000
c) $260,000.
d) $250,000.

10. which of the following is true regarding preretirement inflation? a. defined-benefit plans provide more inflation protection than defined-contribution plans. b. because of preretirement inflation, possible investment-related growth is increased for defined-contribution plans. c. all types of benefits are designed to cope with preretirement inflation. d. preretirement inflation is generally reflected in the increase in an employee's compensation level over a working career.

T-comm makes a variety of products. it is organized in two divisions, north and south. the managers for each division are paid, in part, based on the financial performance of their divisions. the south division normally sells to outside customers but, on occasion, also sells to the north division. when it does, corporate policy states that the price must be cost plus 20 percent to ensure a "fair" return to the selling division. south received an order from north for 300 units. south's planned output for the year had been 1,200 units before north's order. south's capacity is 1,500 units per year. the costs for producing those 1,200 units follow

Location test: question 1 of 54)water is a solvent because itoa. is made of moleculesob. dissolves many substancesc. is a saltd. has a large buffering capacity