Volt Corp reported the following information for the year ended December 31, 2015: Revenues $ 50,000 Expenses 20,000 Retained earnings at December 31, 2014 100,000 Retained earnings at December 31, 2015 105,000 How much was paid out in dividends by Volt in 2015?
a. $ 20,000
b. $ 25,000
c. $ 30,000
d. $ 50,000
b
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The Sarbanes-Oxley Act has succeeded in
A) heightening awareness and diligence with respect to internal control. B) increasing transparency in privately owned companies. C) stopping fraud from occurring. D) all of these.
Describe how a group should practice its presentation. Also discuss guidelines for critiquing the practice
Which of the following is generally found in most Lean environments?
A) a push or pull system, depending upon the rate of demand B) a push system for high margin items and a pull system for low margin items C) a push system for purchased parts and a pull system for manufactured parts D) push systems E) pull systems
Rowan Company has four different categories of inventory. The quantity, cost, and market value for each of the inventory categories are as follows:ItemQuantityCostPer UnitMarket Value Per Unit1220$ 4.40 $ 4.60 2130$6.20 $ 6.00 3100$10.00 $9.25 425$20.50 $25.00 The company carries inventory at lower-of-cost-or-market applied to the entire stock of inventory in the aggregate. How would the implementation of the lower-of-cost-or-market rule impact the elements of the company's financial statements?
A. Decrease total assets and stockholders' equity by $79.00. B. Increase total assets and stockholders' equity by $55.50. C. Decrease total assets and stockholders' equity by $101.00. D. Have no effect on total assets or stockholders' equity.