The declaration of a cash dividend decreases a corporation's stockholders equity and decreases its assets
Indicate whether the statement is true or false
False
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Which of the following does the public expect of auditors?
a. Understand and enforce principles that best portray the spirit of FASB concepts. b. Be neutral to preparers and users of financial information. c. Recognize that the investing public is the primary user of audit services. d. Take responsibility for the discovery of fraud. e. All of the above are expectations of the public.
What federal statute was enacted by the Congress to protect trade secrets?
A) Economic Espionage Act B) Sarbanes-Oxley Act C) Lanham Act D) Telecommunication Act
Under what circumstances might the court reject a debtor's Chapter 13 plan?
a. The plan requires future earnings to pay off debts. b. The plan promises to pay all secured and priority claims. c. The plan anticipates paying the unsecured creditors less than what they would get under Chapter 7. d. The plan treats all unsecured classes equally.
A professor, dissatisfied with a product he's purchased, bad mouths the product to his class, resulting in decreased market share (since the students believe everything he tells them). The manufacturer suffers:
A) an internal failure cost. B) an external failure cost. C) a prevention cost. D) an appraisal cost.