A liability for dividends exists only when the board of directors declares them
Indicate whether the statement is true or false
T
You might also like to view...
The Glenn Corporation issues 1,000, 10-year, 8%, $2,000 bonds dated January 1 at 96 . The journal entry to recordthe issuance will show a
a. debit to Discount on Bonds Payable for $80,000 b. debit to Cash of $2,000,000 c. credit to Bonds Payable for $1,920,000 d. credit to Cash for $1,920,000
The net asset value (NAV) of a mutual fund is the total value of the securities it owns (minus any liabilities) divided by the number of shares issued by the fund
Indicate whether the statement is true or false.
Each of the following is a common project management tool except
A) data flow diagrams. B) brainstorming. C) fishbone diagrams. D) burndown charts.
BCG authors Stalk and Lachenauer published a book in which they listed competitive strategy for winning against incumbent rivals. Which of the following is not one of their suggested strategies?
A. unleash massive and overwhelming force B. lower competitor costs C. devastate profit sanctuaries of rivals D. plagiarize with pride and deceive the competition