A large stock dividend only occurs when a distribution of more than 50% of previously outstanding shares is issued.
Answer the following statement true (T) or false (F)
False
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Which of the following is not included in the computation of the quick ratio?
a. inventory b. marketable securities c. accounts receivable d. cash
Which of the following budgets needs to be prepared prior to preparing an inventory purchases budget?
A. Sales budget B. Selling and administrative expense budget C. Cash budget D. All of the answers are correct.
In 1979, the venture capital industry benefited from what action?
a. an economic boom b. the ability of a pension fund to invest in venture capital c. federal fund availability to entrepreneurs d. the ability of small businesses to offer stock
Quibble Company established a $300 petty cash fund by issuing a check to the custodian on February 1. On February 15, the petty cash fund was replenished and increased to $800 in total. The contents of the petty cash fund at the time of the February 15 replenishment were:Currency and coins?$12Petty cash receipts for:??Transportation-in for inventory$39?Delivery expense88?Repairs to office equipment47?Postage64?Entertainment of customers53291Total?$303
What will be an ideal response?