Alpha Inc. saw an increase in profits in the previous year following which the management decided to reinvest its earnings. These retained earnings will be used to:
A. meet the company's long-term financial needs.
B. meet the company's short-term financial needs.
C. pay the owners a dividend.
D. increase the liquid assets of the company.
Answer: A
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Modern businesses rely heavily on the use of the telephone to conduct day-to-day operations and communicate with internal and external customers.
Answer the following statement true (T) or false (F)
The detailed record indicating the data for each employee for each payroll period and the cumulative total earnings for each employee is called the
A) payroll register B) payroll check C) employee's earnings record D) employer's earnings record
Acting as a surety for the limited partnership makes a limited partner lose his or her limited liability
Indicate whether the statement is true or false
Describe the difference between public accountants and private accountants.
What will be an ideal response?