An entry to appropriate a portion of retained earnings to finance a future plant expansion would include a credit to
a. Unappropriated Retained Earnings.
b. Appropriated Retained Earnings.
c. Cash.
d. Paid-In Capital in Excess of Par.
b
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Which method assigns the same cost to all units whether sold or left in ending inventory?
a. FIFO b. LIFO c. Weighted average cost d. Specific identification
________ is the percentage change in one product's sales due to a percentage change in a marketing variable (such as price) for another product
A) Reverse-elasticity B) Demand-elasticity C) Cross-elasticity D) Supply-elasticity
Which of the following can be a source of conflict?
a. Values, goals, and priorities b. The need to succeed c. Change d. Limited resources e. All of the above
If an agent receives a gift from a third person with whom he is dealing on behalf of the principal, he can keep it without notifying the principal
a. True b. False Indicate whether the statement is true or false