If a corporation declares a 2-for-1 stock split, which of the following is true?
A) A journal entry is required to show the effect on the stockholders' equity accounts.
B) The stockholders will have a higher proportionate ownership share after the split.
C) The par value will be reduced to half of the pre-split par value.
D) The market price of the stock is expected to increase after the split.
C
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An error in the reported inventory will cause errors in all of the following EXCEPT
a. the balance sheet. b. the statement of owner's equity. c. the following year's financial statements. d. the cash account.
Relatives and friends whom the consumer trusts are known as ________ sources of external information.
A. public B. personal C. marketer-dominated D. stakeholder E. relational
Which of the following performance measures is most concerned with long-term financial performance?
a. Economic value added b. Residual income c. ROI d. None of these choices
Some employers might decide to treat employees well as a means to produce greater workplace harmony and productivity. This approach is reminiscent of ________ ethics.
A. utilitarian B. Kantian C. deontological D. normative