Comprehensive income consists of
A. operating income + other income and losses.
B. net income + other adjustments to retained earnings.
C. net income + other comprehensive income.
D. other comprehensive income + unrealized changes in the value of available-for-sale securities.
Answer: C
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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.
The Public Company Accounting Oversight Board was established by the AICPA in response to Securities laws
a. True b. False Indicate whether the statement is true or false
Which of the following statements about a vertical marketing system (VMS) is true?
A) A VMS is a channel in which there is cooperation among channel members at two or more different levels of the channel. B) Members of a VMS operate totally independently of one another outside of buying and selling one another's products. C) The three types of vertical marketing systems are independent, conventional, and customized. D) Channel conflict is a more serious problem in a vertical marketing system than in a conventional marketing system. E) Conventional marketing systems are more efficient than vertical marketing systems.
Agents and principles have a fiduciary duty to each other
Indicate whether the statement is true or false