Which of the following is not a substantive test of details for dividends?
a. Calculation of the dividend payout ratio.
b. Examination of the minutes of the board of directors meetings for authorization of the dividend per share amount.
c. Examination of the minutes of the board of directors meetings for the dividend record date.
d. Agreement of the dividend amount with the payment in the cash disbursements journal.
a
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Interest payments on 12% bonds with a face value of $20,000 and interest paid semiannually would be $2,400 every6 months
a. True b. False Indicate whether the statement is true or false
A tax of 15 percent per imported item is an example of a(an)
a. ad valorem tariff. b. specific tariff. c. compound tariff. d. optimum tariff.
Which is not a characteristic of a liability?
A) There will be a probable future transfer or use of assets. B) There is little or no discretion to avoid the future sacrifice. C) The obligating transaction or event must have already happened. D) A legally enforceable claim must be present.
Define customer equity, and describe three things that affect customer lifetime value
What will be an ideal response?