Company managers strive to gradually increase dividend series over the long-term future
Indicate whether this statement is true or false.
Answer: TRUE
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The SEC requires listed companies to report changes in shareholder's equity and ending balances as a separate financial statement, but smaller companies may report this information in a supporting schedule or as a note
Indicate whether the statement is true or false
When a loss is recorded on the sale of a significant influence equity investment, ________.
A) total assets will increase B) equity will increase C) total assets will decrease D) equity will remain unchanged
Centurion Alarms recently declared a 10 percent stock dividend. Prior to the stock dividend, the equity section on Centurion's balance sheet was: ? Common stock (100,000 shares outstanding, $1 par value) $100,000 Additional paid-in capital 60,000 Retained earnings 90,000
Total common shareholders' equity $250,000 ? Centurion's stock currently sells for $4 per share. After the stock dividend is paid, the amount in the Common stock account should be _______ and the amount in the Retained earnings account should be ______. A. $110,000; $50,000 B. $100,000; $90,000 C. $140,000; $50,000 D. $100,000; $50,000 E. $90,000; $110,000
Which of the following is true of nonprofit organizations?
A. The cost of government (i.e., taxes) has become a big item in the American family budget but remains less than health care. B. Together, federal, state, and local governments collect tax revenues that amount to almost half of the U.S. GDP. C. Nonprofit organizations do not include private museums, theaters, schools, and churches. D. Nonprofit services vary greatly from producer to producer and from day to day, even from the same producer.