When a corporation declares a stock dividend, which of the following is true?
A) Cash decreases.
B) Equity remains the same.
C) Equity decreases.
D) Retained earnings increases.
B
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Which of the following data stores is updated when employees gain new on the job training?
a. labor-force planning data b. skills inventory data c. payroll data d. none of the above
Environmental laws imposed by the government may at times create new business opportunities
Indicate whether the statement is true or false
Driving sales and revenue growth can be more challenging in mature markets
Indicate whether the statement is true or false
On June 16, 2018, Evergreen Company wrote off the $200 receivable from customer M. Simmons. On October 14, 2018, Evergreen unexpectedly receives $200 cash from M. Simmons. How should Evergreen record the $200 payment from M. Simmons? Evergreen uses the allowance method.
A) Debit Cash and credit Bad Debts Expense B) Debit Accounts Receivable - M. Simmons and credit Allowance for Bad Debts; debit Cash and credit Accounts Receivable - M. Simmons C) Debit Accounts Receivable - M. Simmons and credit Bad Debts Expense; debit Cash and credit Accounts Receivable - M. Simmons D) Debit Cash and credit Allowance for Bad Debts