Tomika Corporation has current and accumulated earnings and profits of $0. Tomika distributes $10,000 to its sole shareholder, Alana. What are Tomika's earnings and profits after the distribution?
A) $0
B) ($10,000)
C) $10,000
D) none of the above
A) $0
Distributions cannot create an E&P deficit.
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Two years ago, Lynn hired 15 new people into her department. Since their hire, they have undergone training, development, performance appraisals, and compensation review/reward. Now it is time to evaluate ________, in terms of productivity, quality, innovation, satisfaction, turnover, absenteeism, health, and other factors.
A. controls B. results C. programming D. methods E. planning
Discuss the private key encryption technique and its shortcomings
Flagg records adjusting entries at its December 31 year-end. At December 31, employees had earned $12,000 of unpaid and unrecorded salaries. The next payday is January 3, at which time $30,000 will be paid. Prepare the journal entry on January 3 to record payment assuming the adjusting and reversing entries were made on December 31 and January 1.
A. Debit Salaries payable $30,000; credit Cash $30,000. B. Debit Salaries expense $18,000; credit Cash $18,000. C. Debit Salaries expense $18,000, debit Salaries payable $12,000; credit Cash $30,000. D. Debit Salaries expense $12,000; debit Salaries payable $18,000; credit Cash $30,000. E. Debit Salaries expense $30,000; credit Cash $30,000.
______ training is generally very good for consistently transferring knowledge about a topic to many people.
A. Job instructional training B. Classroom C. On-the-job training D. Distance