A share of a company's profits paid to an investor is called a ________.
A. commission
B. stock
C. dividend
D. return
Answer: C
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McDonald Corp owns a building with an original cost of $2,000,000 and accumulated depreciation at the balance sheet date of $300,000 . Based on a recent appraisal, the fair value of the building is $1,800,000. Required: 1 . At what amount will the
building be reported on the year-end balance sheet if McDonald follows U.S. GAAP? 2 . Does McDonald have a choice in the amount to report for the building if instead it follows IFRS? What are those choices?
Acknowledging that some consumers are intimidated by France's culinary heritage, the Ministry sponsored a promotion to demonstrate that French cuisine can be relaxed and laid back
Indicate whether the statement is true or false
The data presented below is for Falconi, Inc for 2016. Credit sales during the year $2,100,000 Accounts receivable—December 31, 2016 395,000 Allowance for doubtful accounts—December 31, 2016 20,000 Bad debt expense for the year 17,000 What amount will Falconi show on its year-end balance sheet for the net realizable value of its accounts receivable?
a. $378,000 b. $375,000 c. $358,000 d. $ 20,000
An increase in the ratio of stockholders' equity to liabilities indicates an improvement in the margin of safety for creditors
Indicate whether the statement is true or false