Under what circumstances does a shareholder have a right to share in the profits of thecompany?
A) Upon the presentation of a creditor's petition for the winding up of the company
B) When the company has been wound up and there are assets remaining after all creditors have been paid
C) When the directors declare a dividend
D) When all monies owed to the company has been repaid
E) When the company has been dissolved
C
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Which of the following approaches to message reinforcement is most effective for products that are purchased more frequently at some times of the year than at others?
A) an average frequency strategy B) a gross frequency strategy C) a pulsing strategy D) a benchmarking strategy E) a heavy-up exposure pattern
On April 1, 2010, Stanton Company purchased $50,000 of Harris Company's 12% bonds at 100 plus accrued interest of $2,000. On June 30, 2010, Stanton received its first semiannual interest. On February 1, 2011, Stanton sold $40,000 of the bonds at 103 plus accrued interest. The journal entry Stanton will record on April 1, 2010, will include:
A) a credit to Interest Payable for $2,000. B) a debit to Investments - Harris Company for $52,000. C) a credit for Cash of $50,000. D) a debit to Investments - Harris Company for $50,000.
Estimating and recording product warranty expense in the period of the sale best follows which of the following accounting concepts?
A) Cost concept B) Business entity concept C) Matching Concept D) Materiality concept
Internet domain names
A. are sold on a secondary market and can be reacquired through intermediaries. B. can be disputed in the World Court. C. belong to the company that uses the name first in each market. D. need to be registered in each country, because the person registering the name has legal control over it.