Volt Corp reported the following information for the year ended December 31, 2016: Revenues $ 50,000 Expenses 20,000 Retained earnings at December 31, 2016 100,000 Retained earnings at December 31, 2015 105,000 How much was paid out in dividends by Volt in 2016?
a. $ 20,000
b. $ 25,000
c. $ 30,000
d. $ 50,000
b
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Many companies use social media to publish ________, in which they communicate directly with customers and other audiences, rather than going through news media outlets
A) cyber statements B) virtual press publications C) microcosmic news stories D) direct-to-consumer news releases E) goodwill documents
Types of Audit Opinions During the course of an audit of the financial statements of Glover Industries, a CPA is refused permission to inspect the minutes from the board of directors meetings. The CPA is instead offered a certified copy of all resolutions and actions involving accounting matters. REQUIRED: Which type of audit report would you suggest be issued this year and why?
Retained earnings are part of the stockholders' claims on the company's net assets.
Answer the following statement true (T) or false (F)
Lyle offers to sell his house to Dennis for $95,000 . Dennis responds, "I will pay you $95,000 for the house if you first paint the second floor." This response could best be described as:
a. an acceptance. b. a counteroffer. c. a rejection. d. an invitation.