The declaration of a stock dividend decreases a corporation's stockholders' equity and increases its liabilities
a. True
b. False
Indicate whether the statement is true or false
False
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A performance report should contain cost or revenue items that the manager receiving the report can control
Indicate whether the statement is true or false
A corporation has 40,000 shares of $25 par value stock outstanding. If the corporation issues a 3-for-1 stock split, the number of shares outstanding after the split will be
A) 120,000 shares B) 40,000 shares C) 80,000 shares D) 13,333 shares
In theory, a regulatory agency is more flexible and sensitive to the needs of society than the U.S. Congress.
Answer the following statement true (T) or false (F)
The price per unit is $1.00. The average variable cost per unit is 60 cents. The total fixed cost is $20,000. What is the break-even point?
A. 75,000 units B. 33,334 units C. 50,000 units D. 40,000 units E. 20,000 units