S-type corporations have all of the following advantages EXCEPT

A) distributions are taxed twice, similar to corporate dividend payments.
B) they are taxed as partnerships.
C) all owners must be people, no corporations.
D) the owners have limited liability.


A

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In 2016, Dickens Company had a beginning balance in its Cash Dividend Payable account of $5,000 and an ending balance of $4,000 . During 2016, the only dividends Dickens declared were $46,000 in cash to the common stockholders. How much cash was paid to the common stockholders?

a. $45,000 b. $47,000 c. $46,000 d. $1,000

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Process capability analysis is a technique used to determine whether a process ______.

A. is able to meet a set of design specification limits B. falls within a set of control limits C. is compliant with government regulations D. is compliant with ISO requirements

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A buyer of $7,000 in merchandise inventory failed to take advantage of the vendor's credit terms of 2/15, n/45, and instead paid the invoice in full at the end of 45 days. By not taking advantage of the cash discount, the buyer lost the discount of:

A. $1,050. B. $140. C. $100. D. $700. E. $70.

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The proliferation of new, high-speed communication technologies has changed the workplace. Instant messaging is a tool that is now appropriate for _________ workplace communication. A. certain internal B. certain external C. all internal

Fill in the blank(s) with correct word

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