The net effect to a corporation of the declaration and payment of a cash dividend is to
A) decrease assets and decrease stockholders' equity
B) decrease liabilities and decrease stockholders' equity
C) increase stockholders' equity and decrease liabilities
D) increase assets and increase stockholders' equity
A
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Which of the following are true regarding SEM models?
A) A SEM model consists of two models: the measurement model and the structural model. B) The measurement model depicts how the observed variable represent constructs. C) The observed variables are measured by researcher. D) A structural model shows how the constructs are interrelated to each other, often with multiple dependence relationships. E) All of the above.
Which of the following is NOT a basic characteristic of a system of cash control?
a. Use of a voucher system b. Combined responsibility for handling and recording cash c. Daily deposit of all cash received d. Internal audits at irregular intervals
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Indicate whether the statement is true or false
Adams Bakery uses the modified half month convention to calculate depreciation expense in the year an asset is purchased or sold Adams has a calendar year accounting period and uses the straight-line method to compute depreciation expense. On March 17, 2016, Adams acquired equipment at a cost of $200,000. The equipment has a residual value of $40,000 and an estimated useful life of 6 years. What amount of depreciation expense will be recorded for the year ending December 31, 2016? (Round your answer to the nearest dollar.)
A) $26,667 B) $22,222 C) $20,000 D) $13,333