The original statute of frauds is the English law that began the practice of requiring written evidence of certain kinds of contracts, but now the British government has repealed the writing requirement for most contracts.
a. true
b. false
a. true
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The board of directors of Irondale Corporation declared a cash dividend of $2.50 per share on 57,000 shares of common stock on June 14, 2010 . The dividend is to be paid on July 15, 2010, to shareholders of record on July 1, 2010 . The effects of the entry to record the payment of the dividend on July 15, 2010, are to
a. increase assets and decrease stockholders' equity. b. decrease stockholders' equity and decrease liabilities. c. decrease liabilities and decrease assets. d. increase stockholders' equity and decrease liabilities.
An exogenous construct is represented in an structural path model as a an oval with no
one-headed arrows going into it. Indicate whether the statement is true or false
To compute the break-even point in units, which of the following formulas is used?
a. FC/CM per unit b. FC/CM ratio c. CM/CM ratio d. (FC+VC)/CM ratio
By ignoring and not posting the adjusting journal entries to the appropriate accounts, net income will always be overstated
Indicate whether the statement is true or false