The distribution of a stock dividend ________
A) decreases both assets and liabilities
B) decreases assets and increase liabilities
C) effects only stockholder's equity accounts
D) increases both dividends payable and cash
C
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An important distinction between valid insurance contracts and wagering contracts is that:
A. unlike insurance contracts, wagering contracts are indemnity contracts. B. insurance contracts transfer existing risks, while wagering contracts create new ones. C. wagering contracts are not contrary to public policy, while insurance contracts are. D. insurance contracts create a new risk that did not previously exist, while wagering contracts don't.
Voellers Upholstery Co. produces inexpensive leather chairs. The average selling price for one of the chairs is
$400. The variable cost per chair is $250. Voellers has average fixed costs per year of $450,000. a. What is the break-even point in units? b. What is the break-even point in dollar sales? c. What would be the operating profit or loss associated with the production and sale of (1 ) 3,000 chairs, (2 ) 4,000 chairs?
Truck & Transfer Inc agrees to pick up two containers for United Home Products Corporation and store their contents, to be delivered later. While Truck & Transfer unloads one container, the other disappears from the company's loading dock.? These facts give rise to? A) a presumption of negligence by Truck & Transfer
B) a presumption of theft by a third party. C) a presumption of theft by Truck & Transfer. D) United Home's liability for the container's loss.
Which of the following is true about a job specification?
A. It is the list of knowledge, skills, and abilities that are necessary for an individual to have to perform a specific job. B. It refers to a grouping of jobs based on their job-related similarities and differences and on their value to an organization's objectives. C. It primarily focuses on a specific job rather than on individuals who are expected to perform that job. D. It is the list of tasks, duties, and responsibilities that make up a job.