When a dividend is declared, Stock Dividends is debited and Cash is credited
a. True
b. False
Indicate whether the statement is true or false
False
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When using the direct method, how is the payment of a cash dividend shown on the statement of cash flows?
a. Operating activity b. Investing activity c. Financing activity d. Noncash investing and financing activity
Which of the following are standard terms often in a franchise agreement?
A) exclusivity clause B) non-competition clause C) confidentiality clause D) termination/renewal clause E) all of the above
West Virginia passed a statute regulating working conditions in its mines. If the statute is challenged in court on substantive due process grounds:
a. it would be presumed invalid and would be struck down since it involves a fundamental right to work. b. it would be presumed invalid but would be struck down only if it is not necessary to achieve a compelling government interest. c. it would be presumed valid since it regulates economic or social conditions. d. it carries no presumptions, but must be evaluated based on the procedures involved.
Which of the following statements is true about commercial paper?
A. Commercial paper always matures in two months. B. Commercial paper is issued by bankrupt firms. C. Commercial paper pays annual interest. D. Commercial paper is issued at a discount. E. Commercial paper is issued in denominations of $100.