Disparagement of property is a general term for the specific tort of appropriation
Indicate whether the statement is true or false
False
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Lewis Corporation reported the following information for the year ended December 31, 2016: Net income $ 10,000 Dividends 6,000 Retained earnings at December 31, 2016 25,000 What was the economic effect of the payment of Lewis' dividends?
a. The dividend reduced net income for 2016. b. The dividend should be equal to net income if the company's accounting equation is in balance. c. The dividends reduce total retained earnings for the year. d. The dividends must be paid whenever Raymond Corp. reports net income.
Which document is included with a shipment sent to a customer?
a. sales invoice b. stock release form c. packing slip d. shipping notice
An example of horizontal analysis is
a. common-size statements. b. trend analysis. c. ratio analysis. d. profitability analysis.
A liquidating dividend is:
A. Only paid in shares of stock. B. Only paid in assets other than cash. C. Only declared when a corporation closes down. D. Not allowed under federal law. E. A return of a portion of the capital contributed back to the stockholders.