Indicate on the blanks below the effect (I = increase, D = decrease, NE = no effect) of a stock split on each of the items listed. _____ 1. Assets _____ 2. Balance of Common Stock account _____ 3. Total contributed capital _____ 4. Total retained earnings _____ 5. Total stockholders' equity _____ 6. Par value per share _____ 7. Total number of shares outstanding
Fill in the blank(s) with correct word
1. NE 5. NE
2. NE 6. D
3. NE 7. I
4. NE
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According to the concept of segregation of duties, which of the following managers should report to the controller rather than to the treasurer?
a. credit department manager b. accounts receivable department manager c. cashier d. investments manager
________ needs are the main strategic benefits that the product or service attempts to deliver
A) Primary B) Secondary C) Tertiary D) Psychological
Which of the following events does not require a journal entry?
A) Purchase of a one-year insurance policy. B) Agreement to perform a service at a future date. C) Payment for a service performed previously. D) All of these choices.
How is an agent's authority determined in an agency by implied authority? What do courts generally permit agents to do?
What will be an ideal response?