Bartlett Industries began operations on January 2, 2015, with an investment of $50,000 by each of its two stockholders. Net income for its first year of business was $240,000 . Bartlett Industries paid a total of $100,000 in dividends to its stockholders during the year. Read the information about Bartlett Industries. The company's dividends for the year
a. Reduce the amount of capital stock reported by the company.
b. Are part of Bartlett Industries' operating costs.
c. Are reported on the statement of retained earnings.
d. Are an expense of Bartlett Industries.
c
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The Pension Benefit Guaranty Corporation's purpose is to
A) allow companies to exit bankruptcy. B) insure defined contribution pension plans. C) insure defined benefit pension plans. D) guarantee taxpayers that the federal government will pay pension benefits.
Internal administrative costs which are incurred by companies for ethical wrongdoing include all of the following EXCEPT
A. administrative costs associated with future compliance. B. costs incurred in taking corrective actions. C. costs of remedial education and ethics training to company personnel. D. costs attached to adverse effects on employee productivity. E. legal and investigative costs.
Dummy activities may be needed in Activity-On-Node networks to preserve precedence relationships between activities
Indicate whether the statement is true or false
Quality Computer Company agrees to sell one hundred hard drives to Retail Electronics, Inc. The hard drives, which Retail Electronics expressly requires to have certain amounts of memory, are to be shipped "F.O.B. Retail Electronics distribution center in Memphis, TN." When the drives arrive, Retail Electronics rejects them and informs Quality Computer, claiming that the drives do not conform to Retail Electronics' memory requirement. A few hours later, the drives are destroyed in a fire at Retail Electronics' distribution center. Will Quality Computer succeed in a suit against Retail Electronics for the cost of the goods?
What will be an ideal response?