An entry for a cash dividend is required both on the date of declaration and the date of payment.
Answer the following statement true (T) or false (F)
True
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Job order costing is used by companies that make large or unique products
Indicate whether the statement is true or false
The children steadily eased themselves into the cold water of the neighborhood pool
A) common noun B) proper noun C) pronoun D) adjective
Emerald, Inc., earned revenues of $69,000 and incurred expenses of $74,000. No dividends were declared. Which of the following statements is correct?
A) The entry to close Income Summary is the same regardless of a net income or a net loss. B) Retained Earnings will be debited for $5,000 and Income Summary will be credited for $5,000. C) The entries to close revenues and expenses will differ if there is a net loss. D) The entry to close Income Summary requires a debit to the Income Summary account.
Whether or not a contract has been signed, executives are still required to maintain all trade secrets with which their employers have entrusted them.
Answer the following statement true (T) or false (F)