Ending retained earnings reported on the statement of retained earnings is calculated by adding stockholder investments and net income and subtracting net losses and dividends.

Answer the following statement true (T) or false (F)


False

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If Canada imposes a tariff on imports, Canada's

a. terms of trade will improve and volume of imports will decrease. b. terms of trade will worsen and volume of imports will decrease. c. terms of trade will improve and volume of imports will increase. d. terms of trade will worsen and volume of imports will increase.

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Materiality relates to the significance or importance of an item

a. True b. False Indicate whether the statement is true or false

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The phenomenal success of Microsoft Corporation is attributed in part to its extensive use of software re-search and development ________.

A. collectives B. groups C. teams D. skunkworks

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When expressing time of day, measurement, or money, you should use _______________

a. numerical figures b. written-out numbers

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