The issuance of a stock dividend will:
A. not affect total equity.
B. decrease total assets.
C. decrease paid-in capital.
D. increase retained earnings.
Answer: A
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Administrative controls
a. are concerned with efficient operations and adherence to managerial policies. b. are concerned with the reliability of the financial statements. c. are the responsibility of the company's auditors. d. are concerned primarily with safeguarding assets.
The cash disbursement function is
a. part of accounts payable b. an independent accounting function c. a treasury function d. part of the general ledger department
Tony wanted to buy a pair of binoculars but not just any brand. He wanted to buy a pair of Steiner Nighthunters, just like the pair he had learned about in his newest copy of Peter's Hunt Magazine
He had to visit five different sporting goods stores before he found this brand. For Tony, the Steiner Nighthunter is an example of a(n) ________. A) specialty product B) staple C) shopping product D) convenience product E) unsought product
The following was abstracted from the accounts of the Anderson Corp at year-end: Total income since incorporation ...................... $420,000 Total cash dividends paid ............................. 130,000 Proceeds from sale of donated stock ................... 45,000 Total value of stock dividends distributed ............ 30,000 Excess of proceeds over cost of treasury stock sold ... 70,000
What should be the current balance of Retained Earnings? a. $260,000 b. $290,000 c. $305,000 d. $335,000 e. None of these answers is correct.