An auditor determines that there is an inherent risk that dividends may be recorded and paid before being declared. This determination is most likely tied to which of the following management assertions?
a. Completeness.
b. Presentation and disclosure.
c. Valuation.
d. Existence.
d
Business
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Provide a definition of each of the following types of bonds.
Business
________ imposed minimum funding standards to guard against underfunded pensions
Fill in the blanks with correct word
Business
Longneck Brewery Inc. has net income of $3.00 per share and a dividend payout ratio of 35%. How large is the firm's per share dividend payment?
A) $1.05 B) $1.95 C) $1.50 D) $0.35
Business
Weafer Inc. reported the following results from last year's operations: Sales$14,000,000Variable expenses 9,560,000Contribution margin 4,440,000Fixed expenses 3,740,000Net operating income$700,000Average operating assets$7,000,000?Last year's margin was closest to:
A. 10.0% B. 73.3% C. 31.7% D. 5.0%
Business