Which financial statement reports the dividends during the current accounting period?
A. Dividends are reported on the Income Statement.
B. Dividends are reported on the Balance Sheet.
C. Dividends are not reported on any of the financial statements.
D. Dividends are reported on the Statement of Retained Earnings.
Answer: D
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When a company sells a long-lived asset, stockholders' equity will change by the:
A. difference between the sales price and the asset's book value. B. amount of the sale. C. amount of the asset's book value. D. amount of the asset's Accumulated Depreciation.
_____ forces affect the way politics shape laws and the way laws shape the opportunities for and threats to an organization. For example, some cities in the United States (including New York and San Francisco) have set the minimum wage far above the federally mandated minimum wage.
A. Political-legal B. Demographic C. Financial D. Sociocultural E. Technological
Which of the following statements is true about code of ethics?
a. It is most effective when it is too detailed. b. It can be an effective internal control of behavior. c. It is typically drafted by government agencies. d. It is created only for top managers of an organization.
In the Brentwood Academy v. Tennessee Secondary School Athletic Association case, the U.S. Supreme Court held that:
a. state action may be found only if there is such a close nexus between the state and the challenged action that seemingly private behavior may be fairly treated as that of the state itself. b. as an express conclusion of law, public school officials do not necessarily act within the scope of their duties when they represent their institutions. c. as an express conclusion of law, public school officials act within the scope of their duties when they represent their institutions. d. the Association had a majority of private school memberships which prevented the action of the Association from being considered state action.