A reader of a set of financial statements would expect to be able to find in the statement of changes in shareholders' equity
A) increases in total assets.
B) increases in total liabilities.
C) increases to net income.
D) increases from other comprehensive income.
D
You might also like to view...
One of the possible objectives of marketing communications is helping consumers evaluate a brand's perceived ability to meet a currently relevant need. Which of the following is a negatively oriented relevant brand need?
A) normal depletion B) sensory gratification C) social approval D) intellectual stimulation E) value enhancement
During periods of rising prices, when the FIFO inventory cost flow method is used, a perpetual inventory system would
a. not be permitted. b. result in a higher ending inventory than a periodic inventory system. c. result in the same ending inventory as a periodic inventory system. d. result in a lower ending inventory than a periodic inventory system.
Investing and financing activities for the statement of cash flows may differ when using the direct method instead of the indirect method.
A. True B. False
The sales managers and director of sales need to evaluate sales production levels. The company's policy has been to compare each sales representative's sales to their sales the previous year
Which of the following is the strongest argument for changing this method of evaluation? A) Sales representatives do not always sell the same amount each year. B) Sales representatives should not be evaluated by the amount that they sell. C) Changes in products or prices can change sales amounts, so yearly figures are not comparable. D) Because of the product life cycle, amounts should be compared quarter to quarter, not year to year. E) Comparisons should be made to the group as a whole, not to individuals themselves.