Which of the following financial statements is prepared to show the changes in the common equity accounts between balance sheet dates?
A. Pro forma statement
B. Income statement
C. Statement of retained earnings
D. Statement of cash flows
E. Proxy statement
Answer: C
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In a SWOT analysis, organizational strengths are
A. external opportunities that a company can take advantage of. B. environmental factors that the organization may exploit for competitive advantage. C. MBO skills that should be emphasized. D. skills and capabilities that give a company advantages in executing its strategies. E. means that give a specific industry an advantage in a down economy.
In many franchises the franchiser oversees (or even manages) the selection of location, the construction of facilities, the acquisition and installation of necessary equipment, and the initial inventory with which to open business. Which of the following terms best represents this type of franchising?
A. Consignment B. Liquidation C. Turnkey D. Cannibalization
Estate planning involves:
A. considering how your wealth can be most effectively passed on to your heirs. B. determining the income you need to maintain. C. the dissolution of all privately held corporations. D. the valuation and auctioning of your valuables by hiring a professional tax planner. E. planning for retirement.
A major structural change that can occur when analytics are introduced into an organization is the creation of new organizational ________
Fill in the blanks with correct word