If a company does not include a balance sheet and a statement of cash flows in an interim report, then which of the following items must be separately disclosed for that interim period?
A. The change in stockholders'equity.
B. The balance of retained earnings.
C. The balance of cash and cash equivalents.
D. The balance of long-term liabilities.
E. Net working capital.
Answer: A
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When a business no longer has enough money to pay its bills and maintain operations, it is considered to be ________.
Fill in the blank(s) with the appropriate word(s).
When bonds are sold for less than the face amount, this means that the:
A) maturity value will be less than the face amount. B) maturity value will be greater than the face amount. C) bonds are sold at a premium. D) stated rate of interest is less than the market rate of interest.
Identify the adjectives in the sentence. The natural resources of Grenada are timber, tropical fruit, and deepwater harbors
Elaine Matuszek, the sole stockholder of Matuszek Consulting, received a $2,000 dividend from the company. Identify the general journal entry below that Matuszek Consulting will make to record the transaction.
A.
| Common Stock | 2,000 | |
| Cash | 2,000 |
B.
| Cash | 2,000 | |
| Dividends | 2,000 |
C.
| Dividends | 2,000 | |
| Common Stock | 2,000 |
D.
| Dividends | 2,000 | |
| Cash | 2,000 |
E.
| Cash | 2,000 | |
| Common Stock | 2,000 |