A company may prepare a statement of retained earnings instead of a statement of stockholders' equity if the only changes in the stockholders' equity accounts that occurred during the year are earnings and dividends
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
Which of the following is not considered an operating expense?
a. General office expenses b. Cost of goods sold c. Freight-out expense d. Advertising expense
Botanica Beauty, Inc. sells cosmetic products in the United States. Which one of the following is most likely to be a revenue center for Botanica?
A) a Botanica retail store in Dallas B) the Botanica human resource department C) a Botanica kiosk at a mall for selling its products D) the Botanica product lines
Through the U.S. Generalized System of Preferences (GSP), developing countries may export goods duty-free to the United States if they ________
A) demonstrate progress toward protecting the natural environment B) demonstrate progress toward improving the rights of their workers C) agree to exempt U.S. imports from local content rules D) belong to the World Trade Organization (WTO) E) participate in a reciprocal free trade zone
Such objects as clothing are more important nonverbal communicators within one's culture than between cultures
Indicate whether the statement is true or false.