Res ipsa loquitur means "the thing speaks for itself."
a. True
b. False
Indicate whether the statement is true or false
True
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Dimension Inc had net income for 2016 of $24,000 . It declared and paid a $13,000 cash dividend in 2016 . If the company's retained earnings for the end of the year were $39,600, what was the company's retained earnings balance at the beginning of 2016?
a. $28,600 b. $50,600 c. $76,600 d. $2,600
Dividend reinvestment plans should be avoided because of their relatively high cost.
Answer the following statement true (T) or false (F)
Lincoln Company engaged in this transaction: Accrued employee wages earned but not yet paid at year-end. Indicate which section, if any, the above transaction would appear in, or relate to, on a statement of cash flows
A) Financing activities section. B) Investing activities section. C) Does not represent a cash flow. D) Operating activities section.
Collectivist cultures might be more prone than individualists to see reward allocation based on ______ as fair.
A. equity B. seniority C. skills D. deference