When the board of directors declares a cash or stock dividend, this action decreases retained earnings
a. True
b. False
Indicate whether the statement is true or false
True
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All property, plant, and equipment assets are depreciated over time
a. True b. False Indicate whether the statement is true or false
Your bank offers a 10-year certificate of deposit (CD) that pays 6.5% interest, compounded annually. If you invest $2,000 in the CD, how much will you have when it matures?
A. $3,754.27 B. $3,941.99 C. $4,139.09 D. $4,346.04 E. $4,563.34
In U.S. GAAP, which of the following accurately describe(s) the effects of transactions involving investments on the statement of cash flows?
a. If investor acquired the debt at a price below par, then cash flow from operations includes only the interest coupon received. b. If the holder acquired the debt at a price below par, then cash flow from operations will include the amount of interest revenue for the period, with source of the remainder of the cash received appearing as a [dis-]investing activity, the same as the proceeds of selling an investment. c. When using the indirect method, add back realized holding losses, and subtract realized holding gains included in income for the period to derive cash flow from operations. d. Investor's cash flow from operations increases by only the amount of dividends received. In the indirect method, deduct the investor's share of the undistributed earnings of the investee. e. all of the above
The doctrine of strict liability holds the manufacturers of a defective product solely liable for injuries caused by that product.
Answer the following statement true (T) or false (F)