Assume that as the result of a firm announcing a large unexpected increase in its dividend payment, the price of the firm's common stock rises. This event would be consistent with which of the following?
A) The dividend irrelevance theory
B) The tax preference theory
C) The information effect
D) The beta effect
Answer: C
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On January 1, 2015, Danville Corporation acquired a machine at a cost of $60,000. The machine's service life was estimated to be ten years and its residual value to be $6,000. The straight-line method was used for depreciation. On January 1, 2020, the machine was no longer useful and was sold for $3,000. For 2020, in regard to this machine, how much of a loss should Danville record?
A) $27,000 B) $30,000 C) $3,000 D) $60,000
Which habit is based on the premise that “all things are created twice?”
A. be proactive B. begin with the end in mind C. put first things first D. think win-win
Job shop projects involve which of the following combinations of product type and process output?
a. Highly customized products and high process output b. Limited customization of products and high process output c. Highly customized products and very low process output d. Extremely varied products and high process output.
The bookkeeper of Fire Steel, Inc. recorded a $1,503 check as $15,030 in payment of the current month's rent. Which of the following journal entries is needed to adjust for this error in the books of the company?
A) Cash 13,527 Sales Revenue 13,527 B) Rent Expense 15,030 Cash 15,030 C) Cash 13,527 Rent Expense 13,527 D) Booking Error 1,503 Cash 1,503