Dividends always decrease equity.
Answer the following statement true (T) or false (F)
True
You might also like to view...
The average number of times an individual, household, or business in a target market is exposed to an advertisement during a specific time period is:
A) reach B) frequency C) demographics D) impressions
Total contribution margin in dollars divided by pretax income is the:
A. Degree of operating leverage. B. Contribution margin ratio. C. Margin of safety. D. Break-even point in units. E. Sales mix.
Under proposed regulations issued by the Treasury Department, in which of the following situations should an LLC member be treated as a general partner for self-employment tax purposes?
A. The member is not personally liable for any of the LLC debt. B. The member spends 450 hours participating in the management of the LLC's trade or business during the taxable year. C. The member has authority to contract on behalf of the LLC. D. The member is listed on the LLC's letterhead.
Maria is the treasurer of Rex Caldwell Corporations. As treasurer, she makes out and signs the payroll checks for the company. Maria draws a payroll check payable to the order of her maid Carolyn Doss, who does not work for the company
Maria does not intend Carolyn to receive this money. She indorses Carolyn's name on the check and names herself as the indorsee. She cashes the check at a liquor store. Under which rule of forged instruments is Maria accountable? A) good faith rule B) exclusionary rule C) imposter rule D) fictitious payee rule