The appropriated retained earnings can be returned to the unappropriated retained earnings account
a. at year end.
b. the first day of the new year (reversing entry).
c. when the directors decide to restrict its use.
d. when the appropriation has served its purpose.
d
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The current account is a record of all long-term direct investment, portfolio investment, and other short- and long-term capital flows
Indicate whether the statement is true or false
In terms of strategy evaluation, which of the following terms refers to the competitive stance of the corporate strategy and whether it is creating inimitable advantages?
A. Feasibility B. Consonance C. Advantage D. Consistency
Matthew employs a real estate agent to sell his house for $10 million. The agent later learns that the house is rumored to be haunted and that brings down the value of the house to about $5 million. The agency terminates because of ________
A) an unusual change in circumstances B) impossibility of performance C) operation of law D) act of the parties
At its optimal capital structure, the firm's debt/assets ratio will always be lower than the one that maximizes its _____.
A. expected earnings per share (EPS) B. weighted average cost of capital C. beta coefficient D. degree of financial leverage E. net operating income