All of the following statements concerning Retained Earnings are true EXCEPT
a. declaring cash dividends will decrease Retained Earnings.
b. distributing stock dividends will decrease Retained Earnings.
c. appropriating retained earnings will have no effect on total stockholders' equity.
d. declaring a stock split will have no effect on Retained Earnings.
b
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Retailing transactions must always involve a retailer
Indicate whether the statement is true or false
Dan asks his agent Jude to drop off some medicines at his mother's house. On his way back, Jude decides to have lunch at a diner two blocks from his workplace
While walking back to work, he jaywalks at a green signal on the road, causing a motorcyclist to hit the curb and injure himself while attempting to avoid hitting Jude. Under the concept of ________, Dan is liable for the injuries caused to the motorcyclist. A) coming and going B) intentional tort C) frolic and detour D) dual-purpose mission
A transaction in which an owner transfers his or her personal property to another to be held, stored, or delivered or for some other purpose is known as a(n) ________
A) arraignment B) easement C) bailment D) accession
Scott, a State Bank employee, deposits into his account checks that are given to him by bank customers to deposit into their accounts. This is
a. embezzlement. b. larceny. c. money laundering. d. no crime.