The board of directors of Irondale Corporation declared a cash dividend of $2.50 per share on 57,000 shares of common stock on June 14, 2010 . The dividend is to be paid on July 15, 2010, to shareholders of record on July 1, 2010 . The effects of the entry to record the payment of the dividend on July 15, 2010, are to
a. increase assets and decrease stockholders' equity.
b. decrease stockholders' equity and decrease liabilities.
c. decrease liabilities and decrease assets.
d. increase stockholders' equity and decrease liabilities.
C
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When consensus is high, consistency is low, and distinctiveness is high, we tend to make ______.
A. situational (external) attributions B. dispositional (internal) attributions C. the fundamental attribution error D. correspondent inferences
If a company wanted to determine whether people preferred to shop in person or online, it would need to conduct ________ research.
Fill in the blank(s) with the appropriate word(s).
If raw materials are carried in the Materials Inventory at standard cost, then it is reasonable to assume that the:
A. price variance is recognized when materials are placed into production. B. price variance is recognized when materials are purchased. C. efficiency variance is recognized when the materials are purchased. D. company does not follow generally accepted accounting principles.
Letters to underwriters should not contain negative assurances.
Answer the following statement true (T) or false (F)