A reason for decentralization is a reduction in duplication of effort
a. True
b. False
Indicate whether the statement is true or false
False
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Which of the following increases cash?
a. depreciation expense b. acquisition of treasury stock c. borrowing money by issuing a six-month note d. the declaration of a cash dividend
The text describes six internal control activities. List four of them and provide a specific example of each one
The central idea of a speech is characterized by all EXCEPT which of the following?
a. Expressed in a single sentence b. Contains a subject and a focus c. Includes at least three ideas d. Stated neither too generally nor too specifically e. Shared in the introduction and conclusion of the speech
The stockholders' equity section of a corporation's balance sheet follows: Preferred stock, $25 par value, 6%, cumulative, 10,000 shares authorized, 5,000 shares issued and outstanding …………..$125,000Common stock, $5 par value, 50,000 shares authorized, 20,000 shares issued and outstanding.…………………….. 100,000Paid-in capital in excess of par value, Common stock ……… 90,000Retained earnings ………………………………………. 95,000Total stockholders' equity ……………………………….$410,000 (1) Assuming that no dividends are in arrears, compute the book values per preferred share and per common share.(2) Assuming that one year of cumulative preferred dividends is in arrears, compute the book value per common share.
What will be an ideal response?