Which of the following is true of dividends?
A) Dividends are a distribution of cash, stock, or other property to stockholders.
B) Dividends increase assets and decrease total stockholders' equity of a corporation.
C) Dividend payments decrease paid-in capital.
D) Dividend payments increase stockholders' equity.
A
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In which of the following is a person performing the role of an influencer?
A) Dan decides on the product requirements and makes the final choice of suppliers. B) Luke has the authority to pick out the supplier and negotiate the terms of purchase. C) Liam heads the Tech team at LKG and provides information for evaluating the possible alternatives. D) LKG gets many calls from potential suppliers, and it is Leah's job to weed out the good prospects and refer them to others in LKG. E) Dana authorizes the actions of the deciders and buyers in LKG.
Barnes Company purchased $50,000 of 8% bonds at par. The bonds mature in six years and are a held-to-maturity security. Which of the following is the correct journal entry to record the receipt of the semiannual interest payment?
A. debit Cash, $4,000; credit Unrealized Gain-Equity, $4,000. B. debit Cash, $4,000; credit Debt Investments?HTM, $4,000. C. debt Cash, $2,000; credit Debt Investments?HTM, $2,000. D. debit Unrealized Gain-Equity, $2,000; credit Cash, $2,000. E. debit Cash, $2,000; credit Interest Revenue, $2,000.
A material breach occurs when performance is substantial, but not complete
Indicate whether the statement is true or false
This is a computerized machine that handles certain types of transactions traditionally handled by a human bank teller including withdrawing cash and making deposits.
A) Automated Teller Machines (ATMs) B) Venmo C) Cash Box D) TVM E) Reverse Deposit Box