AAA Corporation distributes an automobile to Alexandria, a shareholder, in lieu of a cash dividend. Alexandria must report the value of the automobile as dividend income.
Answer the following statement true (T) or false (F)
True
Gross income can be realized in any form, including money, property, or service.
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Dividends received from available-for-sale investments are recorded with a debit to the Dividend Revenue account
Indicate whether the statement is true or false
The right of the seller to stop delivery of the goods ceases when:
A) a negotiable document of title covering the goods is negotiated to the buyer. B) the buyer receives the goods. C) Either of these events occurs. D) It never ceases.
Which of the following statements about e-commerce in the United States in 2015 is not true?
A) Social e-commerce generates more revenue than mobile e-commerce. B) About 200 million U.S. consumers use mobile apps. C) On-demand service firms are fueling the growth of local e-commerce. D) Growth rates for retail e-commerce are higher in Europe than in the United States.
You have decided to invest $500 in a mutual fund today and make $500 end-of-the-year investments in the fund each year until you retire for 40 years
Assuming an opportunity cost of 12%, what do you estimate that you will have in this account at retirement?