Retained earnings:
A. Can only be appropriated by setting aside a cash fund.
B. Represent an amount of cash available to pay shareholders.
C. Are never adjusted for anything other than net income or dividends.
D. Represents the amount shareholders are guaranteed to receive upon company liquidation.
E. Generally consists of a company's cumulative net income less any net losses and dividends declared since its inception.
Answer: E
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Hasham purchases inventory from overseas and incurs the following costs: the merchandise cost is $80,000, credit terms 1/10, n/30, applicable only to the $80,000; FOB shipping point freight charges are $2,500; insurance during transit is $300; and import duties are $1,500. Hasham paid within the discount period. Compute the cost that should be assigned to the inventory.
A. $84,300 B. $81,700 C. $81,000 D. $79,200 E. $83,500
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Answer the following statement true (T) or false (F)
____ will cause an error if used directly within PL/SQL.
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