When a corporation declares a cash dividend, which of the following is true?
A) Cash decreases.
B) Liabilities decrease.
C) Equity decreases.
D) No entry is necessary.
C
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Shareholders in a corporation have an interest in the company because
A) they provide incentives for the company to market their products. B) they are part of the Marketing Department that is responsible for promoting the products or services to increase the business profits. C) they help market their products to customers or find vendors to supply needed inputs. D) they provide major financing for the business.
Explain the impact of supplier lead time on safety inventory
What will be an ideal response?
Nikki was an tax accountant with HBR Accounting. Nikki decided to do some tax consulting in the evenings and on weekends. HBR is unaware of Nikki's consulting work. Which statement is correct?
A)Nikki has not breached a fiduciary duty to HBR since her consulting is done after her work for HBR. B)Nikki has not breached a fiduciary duty to HBR since her behavior does not reflect badly on the accounting firm. C)Nikki has not breached a fiduciary duty to HBR since Nikki has a contractual relationship with her clients, not her employer. D)Nikki has breached a fiduciary duty to HBR since she is competing with HBR.
Kate Laslow drives into Tommy O'Conner's automobile, injuring Tommy and his friends, Mike, Tyrone, and Jake, who were all passengers in Tommy's car. Damage was also caused to a privacy fence and landscaping owned by the Wilkinsons. Kate has 20/50/25 liability coverage. Tommy is awarded $13,000 for personal bodily injuries, Mike is awarded $7,000, Tyrone is awarded $6,250, and Jake was awarded
$2,750 . It will cost $4,500 to repair Tommy's car. The Wilkinsons are awarded $8,320 to replace their fence and repair their landscaping. How much will Kate's insurance company pay for this accident? a. $41,820 b. $37,820 c. $32,820 d. $50,000