Preferred stock dividends ________ earnings available to common stockholders.
A) increase
B) decrease
C) do not effect
D) There is not enough information to determine.
B) decrease
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Boalsburg Co purchased a truck on January 1, 2014, for $30,000 . The truck had an estimated life of 5 years and an estimated residual value of $5,000 . Lightning Delivery used the straight-line method to depreciate the asset. On July 1, 2016, the truck was sold for $17,000 cash. The journal entry to record the sale of the truck in 2016?
a. increases net income b. increases total assets c. decreases total expenses d. decreases stockholders' equity
Zodiac Inc. is one of the leading producers of designer bags in its country. The company is considering shifting some of its production to India. Which of the following could have prompted this move?
A) People in India prefer imported designer bags. B) Zodiac can target a niche market of high-profile consumers who have a high income. C) Zodiac can improve its market share if it can offer better prices than its competitors. D) People in the home country have an ethnocentric approach. E) Market research indicates that Indian consumers have a low per-capita income.
Like the line graph, the ______ graph is useful for comparing or contrasting two or more items or groups
a. block b. strip c. bar d. pie
After shopping around, Janine bought a top-of-the-line Vitamix, but when she got home she was worried that she spent too much and should have bought a less expensive juicer. Janine was experiencing post-purchase dissonance.
Answer the following statement true (T) or false (F)