The purpose of a retained earnings appropriation is to inform readers of the balance sheet that
a. the appropriated amount is unavailable for dividends.
b. such an appropriation is required to pay corporate income taxes.
c. an appropriation is needed because the corporation expects a net loss for the year.
d. an appropriation is needed because the corporation is involved in a lawsuit.
a
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Which of the following filler words is appropriate to use during a presentation?
A) "uh" B) "y'know" C) "all right" D) A and C E) No filler words should be used during a presentation.
A stock split that is accomplished by a change in par value that is not proportional to the new number of shares or if the firm does not change the par value, the firm
a. does not require a journal entry. b. decreases Additional Paid-In Capital or Retained Earnings. c. increases Additional Paid-In Capital or Retained Earnings. d. decreases Cash or Retained Earnings. e. increases Cash or Retained Earnings.
If two or more products are obtained from the same production process, the joint cost should be allocated in a manner
a. minimize variations in unit production cost. b. maximize total earnings. c. that assigns the costs to products based on either the weight or the sales price of the item. d. that minimizes the number of estimations that must be made.
Aggie, Inc Aggie, Inc purchased a truck at a cost of $12,000. The truck has an estimated salvage value of $2,000 and an estimated life of 5 years, or 100,000 hours of operation. The truck was purchased on January 1, 2011, and was used 27,000 hours in 2011 and 26,000 hours in 2012. Refer to Aggie, Inc's information presented above, if Aggie uses the straight-line method, what is the book value at
December 31, 2013? A) $ 8,000 B) $ 6,000 C) $10,000 D) $ 4,000