HMOs are health insurers specializing in cancer insurance
Indicate whether the statement is true or false
FALSE
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A company's retained earnings on December 31, 2018 was $2,190,000 and its shareholders' equity was $8,760,000. During 2019 the company reported the following: Net income $225,000 A sale of treasury stock costing $75,000 for $79,750 A treasury stock purchase costing $125,700 A cash dividend declaration of $73,200 A 10,000 share "small" common stock ($10 par value) dividend was declared and distributed when the market value was $12.75 per share. What is the shareholders' equity balance on December 31, 2019?
A. $8,865,850 B. $8,934,300 C. $8,738,350 D. $8,663,350
In 2016, Dickens Company had a beginning balance in its Cash Dividend Payable account of $5,000 and an ending balance of $4,000 . During 2016, the only dividends Dickens declared were $46,000 in cash to the common stockholders. How much cash was paid to the common stockholders?
a. $45,000 b. $47,000 c. $46,000 d. $1,000
Choose the correct word or words in parentheses. Let's (sit, set) for a while and talk
Which of the following is NOT a true statement about fraud?
a. The plaintiff must prove that the defendant has knowledge of the falsity of his or her statement. b. It is necessary for the plaintiff to show that he or she has suffered some type of detriment or injury because of his or her reasonable reliance on the defendant's false statement. c. The defendant made the statement with the intent to induce the plaintiff to enter into the contract. d. The plaintiff must show that although the defendant acted in good faith, the statement was material because the defendant expected the plaintiff to rely on it and enter into the contract.