Which of the following could not possibly be a closing entry?
a. Debit Income Summary and credit Dividends.
b. Debit Income Summary and credit Retained Earnings.
c. Debit Retained Earnings and credit Dividends.
d. Debit Retained Earnings and credit Income Summary.
A
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Dissolution of a corporation that has begun business or issued shares upon recommendation of the board of directors and a majority vote of the shares entitled to vote is known as ________
A) liquidation B) judicial dissolution C) administrative dissolution D) voluntary dissolution
Bargaining impasse occurs when:
A. bargaining partners fail to agree on mutually acceptable terms of employment. B. bargaining partners engage in concession bargaining. C. either party to negotiations violates the NLRA. D. a new contract is not agreed upon before the old contract expires.
You have evaluated three projects of similar investment amount and risk using the net present value (NPV) method. How would you decide which one of the projects to select?
What will be an ideal response?
The appropriate discount rate used in decision tree methodology
A) should be risk-adjusted and risk may vary by period and decision node. B) should be risk-adjusted and risk may not vary by period and decision node. C) should not be risk-adjusted and risk may vary by period and decision node. D) should not be risk-adjusted and risk may not vary by period and decision node.