Although a corporation does not have to pay dividends on common stock, it is required to pay dividends on preferred stock

Indicate whether the statement is true or false


False

Business

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A nonprofit corporation must establish a board of directors or trustees to oversee its operations.

Answer the following statement true (T) or false (F)

Business

The project lead in an MNC decides to assign every member of his team to a new project and monitors their performance on a customized scale of scores. The data on their performance over a period of six months are shown below.

 Performance Scores Team members Jan Feb Mar Apr May  Jun1 4 5 2 3 -1  32 2 2 3 1 4  43 -1 4 4 4 5  14 5 1 4 2 5  35 2 2 1 5 4  46 4 1 2 1 -1  47 1 5 -1 2 5  18 1 2 5 5 4  29 4 5 3 4 2  210 4 5 2 2 -1  511 5 -1 5 1 2  212 3 2 -1 -1 1  213 -1 1 4 -1 4  514 2 3 3 2 -1  415 5 -1 5 5 1  116 5 2 1 5 2  -117 5 -1 4 -1 2  118 3 4 -1 5 2  419 2 3 5 1 3  120 4 4 3 1 -1  521 3 1 1 4 -1  422 3 1 5 5 4  223 2 2 -1 3 2  -124 1 2 4 4 4  325 3 5 -1 2 5  4 a. Create a heat map in Excel that shades the cells with negative performance scores. Use Excel's Conditional Formatting function to create this heat map.b. For each month, identify the team members who scored negative. Which month has the highest negative performance scores? ? What will be an ideal response?

Business

Which of the following is the correct journal entry for a return of goods that were purchased on account under the periodic inventory system?

A) Purchase Returns and Allowances XX Accounts Payable XX B) Accounts Payable XX Merchandise Inventory XX C) Accounts Payable XX Purchase Returns and Allowances XX D) Merchandise Inventory XX Accounts Payable XX

Business

Accounting firms, building contractors, and healthcare providers use process costing

Indicate whether the statement is true or false

Business