Under utilitarian ethics, if a decision maximizes happiness in the most people and minimizes pain, it is ethical
a. True
b. False
Indicate whether the statement is true or false
True
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The stock dividend relabels a portion of the retained earnings that had been legally available for dividend declarations as a more permanent form of shareholders' equity, because
a. the firm has used some funds represented by past earnings to expand plant facilities or to replace assets at increased prices or to retire bonds. b. the firm does not have this cash available for cash dividends c. the stock dividend does not affect the availability of cash on hand or cash that the firm has already invested; rather, the stock dividend signals to readers of the balance sheet, perhaps more clearly than before, the commitment to investment. d. all of the above e. none of the above
After the account balances have been extended from the Adjusted Trial Balance columns on the work sheet, the difference between the initial totals of the Balance Sheet debit and credit columns is Net Income or Net Loss
Indicate whether the statement is true or false
The implied warranty of merchantability requires: A) proof that the seller is a merchant
B) proof that the buyer relied on a merchant. C) proof of a defective product. D) All of the above
One of the main reasons that the country of Haiti has not experienced greater economic development is because its government is corrupt
a. True b. False Indicate whether the statement is true or false