The corporation's retained earnings is computed by adding the beginning balance and net income, then subtracting the current year ____________________.
Fill in the blank(s) with the appropriate word(s).
dividends
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The usual entry to record the conversion of convertible bonds or preferred stock into common shares ignores _____ and shows the swap of common shares for bonds or preferred stock at their _____
a. current market prices; carrying value b. carrying value; current market prices c. current market prices; par value d. carrying value; par value e. present value of future cash flows; current market prices
The following data are available for a company's manufacturing activities: Beginning Work in Process inventory5,000units75% completed as to conversionUnits started and completed15,000 Ending Work in Process inventory6,000units50% completed as to conversionIf materials are added when the production process begins and conversion costs are applied uniformly throughout the process, what are the equivalent units for direct materials and for conversion, respectively using the FIFO method of process costing?
A. 19,250 materials; 18,750 conversion. B. 16,250 materials; 19,250 conversion. C. 21,000 materials; 19,250 conversion. D. 21,000 materials; 22,250 conversion. E. 16,250 materials; 21,750 conversion.
Key measures of innovation and learning include__________
A) supply-chain performance B) processing time C) percentage of new products developed D) the variance around the average time
Which of the following changes introduced by the Sarbanes-Oxley Act is intended to counteract incentives for fraud?
A. Code of ethics B. Stiffer fines and prison terms C. Anonymous tip lines D. Stronger oversight by directors