Answer the following statements true (T) or false (F)
1. The statement of retained earnings reports how the company's retained earnings balance changed from the beginning of the period to the end of the period.
2. A deficit occurs when a company has reoccurring losses and/or declares dividends in excess of retained earnings.
3. Most states prohibit corporations from paying a dividend if a deficit will occur.
4. A net loss for the year decreases the balance in Retained Earnings.
5. Errors are corrected by adjusting the beginning balance in the Retained Earnings account in the period the error is discovered.
1. TRUE
2. TRUE
3. TRUE
4. TRUE
5. TRUE
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Fixed costs ________ as the number of units produced increases
A) decrease B) increase C) divide in half D) remain the same E) increase at a diminishing rate
Which of the following is a factor that is MOST likely to influence the choice of a location for a global manufacturing plant?
a. price of the product b. ISO certification requirements c. possibility of government audits d. applicability of tariffs
An enterprise has distinctive resources and capabilities according to V-R-I-O-S criteria. It competes in an attractive industry sector where its economic performance is outstanding. It considers entering a related sector where its resource base would be equally distinctive. However, the new sector has many more competitors than its present sector and its growth prospects are less attractive. Realistically, would the enterprise achieve its accustomed level of economic performance in the new sector, or would it worsen?
What will be an ideal response?
Compare and contrast 2 organization-wide quality initiatives such as Lean Manufacturing, Benchmarking, ISO9000, Six Sigma, TQM, and Baldrige.
What will be an ideal response?