After the stock dividend is paid, the per share value of a stockholder's stock will remain the same as the value before the stock dividend and, thus, the market value of his or her total holdings in the firm will remain unchanged
Indicate whether the statement is true or false
FALSE
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Tory Burch flats, cage-free eggs, electric cars, selfies, and high tech furniture are part of the ________
A) lifestyle movement B) value movement C) cultural movement D) marketing concept movement
Which one of the following steps in the accounting cycle is optional rather than required?
a. Business transactions are recorded b. Adjustments are recorded c. The accounts are closed d. Work sheets are prepared
The major difference between accounting for pensions and the accounting for other postretirement benefits is that firms
a. do not need to report an excess of the accumulated benefits obligations over assets in a postretirement benefits fund as a liability on the balance sheet. b. do not need to disclose any estimates used in calculating projected benefits. c. postretirement benefits are normally not material for most companies and do not need to be disclosed. d. do not need to set aside funds for future postretirement benefits as they do for pension benefits.
If Year 1 equals $2,800, Year 2 equals $3,108, and Year 3 equals $3,668, the index number to be assigned for Year 3 in trend analysis, assuming that Year 1 is the base year, is
A) 100. B) 141. C) 131. D) 136.