Under the Revised Act, dividends must always be paid in money
a. True
b. False
Indicate whether the statement is true or false
False
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A reduction in the variable expense per unit will cause the break-even point to rise
Indicate whether the statement is true or false
U.S. GAAP classifies all of the following as operating activities on the statement of cash flows except
a. cash outflows to pay sales employees. b. cash inflows from the property rental. c. cash outflows to shareholders for dividends. d. cash outflows to purchase merchandise for resale. e. cash inflows from sales to customers.
Fackler Company's quality cost report is to be based on the following data: Quality circles$12,000Product recalls$24,000Supplies used in testing and inspection$87,000Net cost of scrap$59,000Liability arising from defective products$38,000Re-entering data because of keying errors$65,000Debugging software errors$19,000Test and inspection of incoming materials$65,000Quality data gathering, analysis, and reporting$55,000? ?What would be the total appraisal cost appearing on the quality cost report?
A. $130,000 B. $219,000 C. $152,000 D. $146,000
With a bearer bond, whoever held it was entitled to the ________ and the ________
A) interest payments; principal B) dividend payments; principal C) interest payments; dividend payments D) interest payments; voting rights