Failure to record dividends paid would result in which of the following?
a. Net income being understated
b. An increase in total liabilities
c. Stockholders' equity being overstated
d. Total assets being understated
c
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Using the City Bicycle example, suppose the cycling store uses the weighted-average cost-flow assumption. The cost of goods sold is _____, and the ending inventory is _____
a. $2,900; $5,500 b. $2,500; $5,900 c. $3,000; $5,400 d. $2,800; $5,600 e. cannot be determined with the information given
Government contractors and subcontractors with contracts that last for _____ or more and are for more than _____ are required by law to have business ethics codes and compliance policies and procedures.
A. 30 days; $5 million B. 120 days; $5 million C. 30 days; $10 million D. 120 days; $10 million
Suppose that Jason had directed a per capital distribution, how would the estate be distributed?
A)?Joan - 1/3, John - 1/3, Jack - 1/6, Jane 1/6 B)?Joan - 1/4, John - 1/4, Jack - 1/4, Janet - 1/4 C)?Joan and John - 1/2 each D)?None of the above
What is the recovery rate?
What will be an ideal response?