If a stock dividend occurs after year-end, but before issuing the financial statements, a company must restate the weighted-average number of shares outstanding for the year
a. true
b. false
Answer: a. true
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Colleen and Seamus have not actively maintained their friendship and they have found themselves drifting apart. Their friendship may be described as which of the following?
A. waning friendship B. moving toward friendship C. nascent friendship D. role-limited interaction
The Consumer Product Safety Commission has created complex regulations for testing new drugs before they are sold to the public
Indicate whether the statement is true or false
The use of leveraged buyouts by retailers has the greatest impact on which ratio?
a. quick ratio b. accounts payable to net sales c. collection period d. assets to net sales
Holt Products manufactures desktop computers. Management has determined that each computer has a standard labor cost of $75.00 when 5 hours of labor at a cost of $15.00 per hour are used. The static budget for the month of April showed an estimated production of 4,200 computers. During April, 4,500 computers were actually produced. The actual direct labor cost for each computer was $85.80 when
5.5 hours of labor at a cost of $15.60 per hour was used. What should be the total direct labor cost according to Holt's flexible budget for April? A) $360,360 B) $315,000 C) $337,500 D) $386,100