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the board of directors of yudel corp. is looking for a new managing director for the company -

The board of directors of yudel corp. is looking for a new managing director for the company

Question: The board of directors of Yudel Corp. is looking for a new managing director for the company. They find a candidate, Linda, who is hardworking, passionate, and confident. These are the characteristics that all the past leaders of Yudel Corp. had in common. Therefore, the board concludes that hiring Linda as the new managing director will contribute positively to the company’s success.

The board of directors relies on the assumption that:

Linda’s goals, as a leader, are compatible with the culture and vision of Yudel Corp.

the leaders of other companies have characteristics in common with the leaders of Yudel Corp.

Linda will not have any other job offer to consider when Yudel Corp. offers her the position of managing director.

Linda has worked in companies similar to Yudel Corp. in the past.

 

41. Raetal Inc. acquired 2,000 shares of its own stock of par value $1 for $20 per share. Which of the following is the correct journal entry to record this transaction?

Treasury Stock                                    2,000

          Common Stock                                       2,000

Treasury Stock                                    2,000

          Cash                                                2,000

Treasury Stock                                  40,000

          Cash                                              40,000

Cash                                                  40,000

          Treasury Stock                                      40,000

 

 

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