By establishing a profile of the interviewee, the analyst can better evaluate his or her responses on other topics
Indicate whether the statement is true or false
TRUE
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The board of directors of Irondale Corporation declared a cash dividend of $2.50 per share on 57,000 shares of common stock on June 14, 2010 . The dividend is to be paid on July 15, 2010, to shareholders of record on July 1, 2010 . The proper entry to be recorded on June 14, 2010, will be:
a. Dividends 142,500 Dividends Payable 142,500 b. Dividends payable 142,500 Cash 142,500 c. Dividends 142,500 Retained Earnings 142,500 d. Dividends payable 142,500 Dividends 142,500
Cars, groceries, and clothing are all examples of goods.
Answer the following statement true (T) or false (F)
Refer to the following selected financial information from Texas Electronics. Compute the company's days' sales in inventory for Year 2. (Use 365 days a year.) Year 2 Year 1Cash$37,500 $36,850 Short-term investments 90,000 90,000 Accounts receivable, net 85,500 86,250 Merchandise inventory 121,000 117,000 Prepaid expenses 12,100 13,500 Plant assets 388,000 392,000 Accounts payable 113,400 111,750 Net sales 711,000 706,000 Cost of goods sold 390,000 385,500
A. 42.3. B. 46.2. C. 113.2. D. 80.0. E. 43.9.
A buyer who accepts nonconforming goods may revoke the acceptance under limited circumstances
a. True b. False Indicate whether the statement is true or false