Why does insider trading breach that duty
The Board of Directors and executive officers of a corporation have a fiduciary duty to safeguard the interests of their shareholders.Why does insider trading breach that duty?
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Consider the following information pertaining to a year's operations of Youngstown Manufacturing:What is the ending finished-goods inventory cost under variable costing?
Pickett Company typically sells subscriptions on an annual basis, and publishes six times a year. The magazine sells 60,000 subscriptions in January at $15 each. What entry is made in January to record the sale of the subscriptions?
Issued 10,000 shares of common stock for a building and land. The building was appraised for $20,000, but the value of the land is undeterminable. The stock is selling for $10 ob the open market.
During the current year, Sports +, Inc., operated two business segments: a chain of surf and dive shops and a small chain of tennis shops. The tennis shops were not profitable and were sold near year-end to another corporation.
Prepare a condensed income statement (including earnings per share), assuming that 910,000 shares of common stock were outstanding throughout the year.
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Camtech, which expects to start operations on 1-1-2008, will sell digital cameras in shopping malls. Camtech has budgeted sales as indicated in the following table.
Confectioners, a chain of candy stores, purchases its candy in bulk from its suppliers. For a recent shipment, the company paid $3,000 and received 8,500 pieces of candy that are allocated among three groups.
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