A stock split results in a transfer at market value from retained earnings to paid-in capital

a. True
b. False

Indicate whether the statement is true or false


False

Business

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When a company uses a perpetual inventory system,

A) there is no purchases account B) the cost of goods sold account is used C) two entries are required when inventory is sold D) All of these answer choices are used in a perpetual inventory system.

Business

A nolo contendere plea can be used as evidence of liability against the accused at a subsequent civil trial.

Answer the following statement true (T) or false (F)

Business

For Marvin Company, the magnitude of operating leverage was 3.5 during the current year. Demonstrate what this magnitude of operating leverage would mean for the company's profitability by creating an example.

What will be an ideal response?

Business

When choosing a bank, the choice is yours. You should shop wisely and what?

A) Compare B) Diversify C) Investigate D) Invest E) Deposit

Business