Which of the following statements concerning retained earnings is not true?
a. Cash dividends reduce retained earnings; b. Stock dividends do not
affect retained earnings; c. Appropriating retained earnings has no
effect on total stockholders' equity; d. Stock splits do not affect retained
earnings; e. Appropriating retained earnings has not effect on assets
B
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Which of the following statements is true regarding economic events?
A) The signing of a service contract is an example of an external event that is recorded in the accounting records. B) Every event which affects an entity can be identified from a source document. C) All internal and external events must be measured with sufficient reliability. D) External events involve exchanges between an entity and another entity outside the company.
The various chapters of the Bankruptcy Code are the only options for resolving the conflict between creditor rights and debtor relief
a. True b. False Indicate whether the statement is true or false
In general, as a country's income increases, so does the demand for imports
Indicate whether the statement is true or false.
Substantive or legislative rules are in the public record for inspection before they become final
a. True b. False Indicate whether the statement is true or false