A small stock dividend should be recorded on the basis of
a. par or stated value.
b. original issue price.
c. market value.
d. cost.
C
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Encumbrance accounting is typically not used for Permanent Funds.
Answer the following statement true (T) or false (F)
The demand estimates of an organization comprise five space levels: world, country, region, territory, and ________
A) zone B) organization C) customer D) product E) input
An asset that cost $24,000 and has accumulated depreciation of $18,000 is sold for $5,200 . The entry to record the sale is:
a. Accumulated Depreciation— Asset 6,000 Asset 6,000 b. Cash 5,200 Accumulated Depreciation— Asset 18,000 Loss on Sale of Asset 800 Asset 24,000 c. Loss on Sale of Asset 18,800 Asset 18,800 d. Asset 18,000 Accumulated Depreciation— Asset 18,000
Zero-based budgeting requires the preparation of budget from scratch
Indicate whether the statement is true or false