If goods are shipped FOB destination, the seller does not record revenue from the sale until the goods arrive at their destination because the transaction is not complete until that point.
Answer the following statement true (T) or false (F)
True
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Determine the increase or decrease in cash for Rinky Supply Company for last year, given the following information. (Assume no other changes occurred during the past year.) ? Dividend payment $25 Increase in accounts receivables $50 Increase in notes payable $30 Decrease in accounts payable $20 Increase in accrued wages and taxes $15 Increase in inventories $35 Addition to retained earnings $5
A. -$50 B. +$40 C. -$80 D. +$20 E. -$30
A(n) blog is an interactive online journal. _________________________
Answer the following statement true (T) or false (F)
A firm that maintains a "stable dollar dividend per share" will generally not increase the dividend
unless A) a stock split occurs. B) the firm merges with another profitable firm. C) the P/E ratio has increased steadily over the past 5 years. D) the firm is sure that a higher dividend level can be maintained.
A tenancy at sufferance exists after the termination of a prior lease but before acceptance of rent by the landlord
Indicate whether the statement is true or false