If the Cash Dividends Payable account had a beginning balance of $4,000 and an ending balance of $4,500, and cash dividends of $8,000 were declared, $7,500 would appear on the statement of cash flows as a $7,500 outflow of cash from a financing activity
Indicate whether the statement is true or false
true
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A multinational organization uses a gainsharing program in which employees receive a bonus if the ratio of labor costs to the sales value of production is below a set standard. This incentive plan is referred to as
A. a team award. B. a group bonus. C. the Scanlon plan. D. merit pay. E. a piecework rate.
Baker Company has a standard and flexible budgeting system and uses a two-variance analysis of factory overhead. Selected data for the June production activity follows: Budgeted total factory overhead costs (for normal production of 10,00 . units) $80,000 Actual factory overhead incurred in the production of 9,500 units $78,000 Variable factory overhead rate per unit, 2 hours @ $2.50 $ 5 Standard
direct labor hours 25,000 Actual direct labor hours 26,000 The production-volume variance for June is: a. $1,500favorable. b. $1,500 unfavorable. c. $2,00 . favorable. d. $2,00 . unfavorable.
Which of the following serves as the journal of last resort?
A) purchases journal B) sales journal C) general journal D) cash payments journal
Maria, an office supply sales representative, is in the process of giving a sales presentation to the manager of a large accounting firm. Maria asks the manager, "How many desks do you think that you require?" The manager responds, "Three dozen. How soon can you deliver?" Which mental step has the manager reached?
A. Attention B. Interest C. Desire D. Conviction E. Action