In keeping with a modernization of corporate statutes in its home state, umc corporation decided in 2018 to discontinue accounting for reacquired shares as treasury stock. instead, shares repurchased will be viewed as having been retired, reassuming the status of unissued shares. as part of the change, treasury shares held were reclassified as retired stock. at december 31, 2017, umc's balance sheet reported the following shareholders' equity: ($ in millions) common stock, $1 par $ 180 paid-in capital—excess of par 900 retained earnings 984 treasury stock (4 million shares at cost) (30 ) total shareholders’ equity $ 2,034 required: a. identify the type of accounting change this decision represents. b. prepare the journal entry to effect the reclassification of treasury shares as retired shares.

At a small store, a customer enters the front door on average every 8 minutes. a prior study indicated that the time between customers entering the front door during weekdays follows an exponential distribution. what is the probability that the time between customers entering the store on a weekday will be less than or equal to 7? select one: a. 62 b. 43 c. 1/8 d. 7/8 e. 58

An employer who is considering hiring eva has asked donna, eva’s former supervisor, for a report on eva. in truth, eva’s work for donna has been only average. however, eva is donna’s friend, and donna knows that eva probably will not get the job if she says anything negative about eva, and donna knows that eva desperately needs the job. further, donna knows that if the situation were reversed, she would not want eva to mention her deficiencies. nevertheless, it has been donna’s policy to reveal the deficiencies of employees when she has been asked for references by employers, and she knows that some of eva’s faults may be bothersome to this particular employer. finally, this employer has leveled with donna in the past when donna has asked for a report on people who have worked for him. should donna reveal deficiencies in eva’s past performance? (remember to use one of the three moral theories acceptable for this test to solve this dilemma. any discussion of any personal opinion, religious perspective, or theory other than the moral theories acceptable for this test will result in a score of "0" for this question.)

Which of the following situations is most likely to change a buyer's market into a seller's market? a. a natural disaster that drives away a lot of the population. b. the price of building materials suddenly going up. c. the government buys up a lot of houses to build a new freeway. d. a factory laying off a lot of workers in the area.