From comparisons of income distribution studies over time, it generally appears that
A. income is more evenly distributed in the richer nations.
B. there are few variations in income distribution among developed and developing nations.
C. income inequality decreases in the early stages of development and reverses in the later stages.
D. comparisons over time demonstrate that income redistribution changes relatively quickly, so older data have limited value.
E. the middle quintiles in most nations are growing at the expense of the bottom 20 percent.
Answer: A
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Rosemont Company began operations on January 1, Year 1, and on that date issued stock for $60,000 cash. In addition, Rosemont borrowed $50,000 cash from the local bank. The company provided services to its customers during Year 1 and received $35,000. It purchased land for $70,000. During the year, it paid $10,000 cash for salaries and $9,000 cash for supplies that were used up in its operations. Stockholders were paid cash dividends of $8,000 during the year.Required: a) List the transactions from the information above (for example, issued common stock for $60,000) and indicate in which section of the statement of cash flows each transaction would be reported.b) What would the amount be for net cash flows from operating activities?c) What would be the end-of-year balance for the cash
account? d) What would be the amount of the total assets for the Rosemont Company at the end of Year 1?e) What would be the end-of-year balance for the Retained Earnings account? What will be an ideal response?
The ad campaign for South Beach Living Cinnamon Raisin Cereal Bars highlights that the product is a good source of fiber and packed with ten grams of protein. This advertising highlights:
A. a product attribute B. the creation of brand loyalty C. how negative consumers' attitudes are modified D. a product benefit E. a loyalty reward
Which of the following is true regarding capital projects funds?
A. Fixed assets are depreciated in capital projects funds. B. Capital projects funds are considered to be governmental funds. C. Capital projects funds use the economic resources measurement focus and accrual basis of accounting. D. Encumbrance accounting is not used.
Why is it important to prepare the benefit analysis report or the total compensation report?
What will be an ideal response?