As long as a firm has a positive level of retained earnings, it can pay a dividend
Indicate whether the statement is true or false
FALSE
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Which of the following best describes the occurrence assertion for inventory?
A. Purchase requisitions initiated by authorized personnel. B. Inventory properly accumulated from journals and ledgers. C. All inventory is recorded. D. Recorded inventory transactions actually happened.
Below is financial data for Computech Industries' current year. Net sales on account during year $500,000 Cost of merchandise sold during year 300,000 Accounts receivable, beginning of year 45,000 Accounts receivable, end of year 35,000 Inventory, beginning of year 90,000 Inventory, end of year 110,000 Refer to the data for Computech Industries. Based on this information, what is Computech's
number of days' sales in inventory (assuming a 360 day year)? a. 132 days b. 216 days c. 1,091 days d. 120 days
In the shortest-route problem, circles represent ________, and arrows represent ________
Fill in the blanks with correct word
Which of the following statements is (are) true with regard to Roth IRAs?
I. The portion of a Roth IRA distribution that is attributable to investment income is taxable. II. There is a maximum income level above which Roth IRA contributions are not allowed. A) I only B) II only C) both I and II D) neither I nor II