Offshore businesses are often established for tax purposes
a. True
b. False
Indicate whether the statement is true or false
True
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Island Company has 1,000,000 shares of common stock authorized with a par value of $3 per share of which 600,000 shares are outstanding. Island authorized a stock dividend when the market value was $8 per share, entitling its stockholders to one additional share for each share held. The par value of the stock was not changed. Assuming the declaration is not recorded separately, what entry, if
any, should Island make to record distribution of the stock dividend? a. Retained Earnings........... 4,800,000 Common Stock.............. 1,800,000 Gain on Stock Dividends... 3,000,000 b. Retained Earnings........... 1,800,000 Common Stock.............. 1,800,000 c. Retained Earnings........... 4,800,000 Common Stock.............. 1,800,000 Paid-In Capital from Stock Dividends 3,000,000 d. Memorandum entry noting the number of additional shares issued as a dividend
Carson Cabana's Inc has the following information available regarding last year's operations: Sales $1,500,000 Variable costs 600,000 Contribution margin 900,000 Fixed costs 300,000 Net operating income $ 600,000 The company's operating leverage was:
A) 1.50. B) 0.67. C) 2.50. D) 0.60.
The reporting frequency, report recipients, and content required during project execution is laid out by:
A) The organizational breakdown structure. B) Scope reporting. C) The information system architecture. D) A need-to-know basis.
A firm will set its dividend policy high enough so that it can continually meet the distribution level of the cash dividend in spite of variances in cash inflow from operations and in cash outflows for maintenance and investing
Indicate whether the statement is true or false.