Which of the following will not affect retained earnings?
a. Declaration of a stock dividend
b. Payment of a cash dividend previously disclosed
c. Adjustment for an error of a prior period
d. Net income
e. Net loss
B
You might also like to view...
A beginning inventory of $75,000 is removed from the merchandise inventory account by
a. debiting $75,000 to Merchandise Inventory. b. crediting $75,000 to Merchandise Inventory. c. debiting $75,000 to Purchases. d. crediting $75,000 to Income Summary.
Which of the Situational Leadership II Model leadership styles is closest to an authoritarian style?
a. directing b. coaching c. supporting d. delegating
Which of the following is true regarding the growth of socially responsible mutual funds?
a. Such funds have remained flat with little change in America, but they have grown significantly in Europe. b. Such funds have remained flat with little change in Europe, but they have grown significantly in America. c. Both America and Europe have seen a decline in interest in socially responsible funds. d. Both America and Europe have seen growth in socially responsible funds.
Hsu Company incurred $90,000 of depreciation for the year. Eighty percent relates to the firm's production facilities, and 20% relates to sales and administrative offices. If all items are handled in the proper manner, a review of the company's accounting records should reveal a:
A. credit to Cash for $90,000. B. debit to Manufacturing Overhead for $90,000. C. debit to Work-in-Process Inventory for $18,000. D. debit to Depreciation Expense for $90,000. E. debit to Manufacturing Overhead for $72,000.