Which of the following would not affect the balance of the Retained Earnings account?
a. Stock split
b. Net loss
c. Cash dividend declared
d. Stock dividend declared
A
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Revenue should be recognized when
A) cash is received B) the service is performed C) the customer places an order D) the customer charges an order
The Acme Global Corporation has a labor surplus. Specifically, it has too many workers in one type of job and too few in another. Its best method for dealing with its surplus would be _________.
A. downsizing B. early retirement C. retraining D. natural attrition E. skill decreases
Checks are the most common form of negotiable instruments used in the United States
Indicate whether the statement is true or false
In a collective bargaining agreement, the ________ clause includes the use of seniority to determine pay increases, job bidding, and the order of layoffs.
A. grievance procedure B. arbitration C. individual rights D. security E. wage component