Which of the following is the appropriate general journal entry to record the declaration of a cash dividends?
A) Retained EarningsCash
B) Dividends PayableCash
C) Additional Paid-in CapitalDividends Payable
D) Retained EarningsDividends Payable
D
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CMA is an acronym that stands for Certified Manufacturing Accountant
Indicate whether the statement is true or false
Wheadon, Davis, and Singer formed a partnership with Wheadon contributing $60,000, Davis contributing $50,000 and Singer contributing $40,000. Their partnership agreement called for the income (loss) division to be based on the ratio of capital investments. If the partnership had income of $75,000 for its first year of operation, what amount of income (rounded to the nearest thousand) would be credited to Singer's capital account?
A. $75,000. B. $20,000. C. $25,000. D. $30,000. E. $40,000.
To meet market needs companies sometimes change product names so that the name in the local language is culturally meaningful. This is an example of a company using ________ strategy.
A. a single country B. a transnational C. a multidomestic D. an international
All of the following would constitute a "fundamental change" to the corporation EXCEPT:
A) an amendment to the articles of incorporation. B) a merger. C) a stock dividend. D) selling off 60% of the business assets not in the regular course of business.