All of the following regarding accounting for Treasury Stock under U. S. GAAP and IFRS is true except:
Multiple Choice:
O A company's assets and equity are always reduced by the amount paid for the retiring stock.
O U. S. GAAP applies the principle that companies do not record gains or losses on transactions involving their own stock.
O Gains are not recognized on retirements of treasury stock under U. S. GAAP.
O IFRS applies the principle that companies do not record gains or losses on transactions involving their own stock.
O Only gains are recognized on retirements of treasury stock under IFRS.

Slimwood corporation made sales of $ 725 million during 2018. of this amount, slimwood collected cash for $ 670 million. the company's cost of goods sold was $ 300 million, and all other expenses for the year totaled $ 400 million. also during 2018, slimwood paid $ 420 million for its inventory and $ 285 million for everything else. beginning cash was $ 110 million. carter's top management is interviewing you for a job and they ask two questions: (a) how much was carter's net income for 2018? (b) how much was carter's cash balance at the end of 2016? you will get the job only if you answer both questions correctly.

If a hotel has 100 rooms, and each room takes 25 minutes to clean, how many housekeepers working 8-hour shifts does the hotel need at 50 percent occupancy?

Estimate the prouduct sovle using an area modelestimate the product you solve using an area model and the standard algorithm.remeber to express your products in the standard form