When a corporation issues a small stock dividend, which of the following is false?
A. Cash decreases.
B. Total stockholders' equity remains the same.
C. The capital stock accounts increase.
D. Retained earnings is decreased.
Answer: A
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An employee receives an hourly rate of $15, with time and a half for all hours worked in excess of 40 during theweek. Payroll data for the current week are as follows: hours worked, 46; federal income tax withheld, $110;cumulative earnings for the year prior to this week, $24,500; Social security tax rate, 6%; and Medicare tax rate,1.5%; state unemployment compensation tax, 3.4% on the first
$7,000; federal unemployment compensation tax,0.8% on the first $7,000 . What is the net amount to be paid to the employee? a. $569.87 b. $539.00 c. $625.00 d. $544.88
Walter enters a dentist office and points to a damaged tooth. The dentist, Matt, treats the tooth. If Walter refused to pay and Matt sued,
A. Walter would win as there was no contract. B. Walter would win because of the UCC. C. Matt would win; this is an implied contract. D. Matt would win in quantum meruit.
One of your followers asks to lead the next team brainstorming session and you let him/her do this. You and this follower are ______.
A. in the stranger phase of leadership-making B. in a dyadic in-group relationship C. in a dyadic stranger phase D. in the mature-partnership phase of leadership-making
The numerator used to calculate accounts receivable turnover is
A) total sales B) net sales C) accounts receivable at year-end D) average accounts receivable