1. A corporation has 50,000 shares of $25 par stock outstanding. If the corporation issues a 3-for-1 stock split, the number of shares outstanding after the split will be

2. Baker Green's weekly gross earnings for the week ending December 7 were $2,000, and her federal income tax withholding was $240. Assuming the social security rate is 6% and Medicare is 1.5%, and all earnings are subject to FICA taxes, what is Green's net pay? Round your answer to the nearest whole dollar.

3. The supplies account had a beginning balance of $1,669. Supplies purchased during the period totaled $4,231. At the end of the period before adjustment, $473 of supplies were on hand. Prepare the adjusting entry for supplies. If an amount box does not require an entry, leave it blank.

4.

a.GAAP b.Sarbanes-Oxley c.the FASB d.the IRS

"To maintain public confidence and trust in the financial reporting of companies" is the purpose of