The balance in retained earnings prior to the closing process equals:
A. beginning retained earnings plus the current period's net income minus the current period's dividends declared.
B. the balance at the end of the previous accounting period.
C. the cash balance on the balance sheet.
D. beginning retained earnings plus the current period's net income.
Answer: B
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______ has four steps: Step 1: Preparation of the trainee, Step 2: Presentation of the task by the trainer, Step 3: Performance of the task by the trainee, Step 4: Follow-up.
A. Distance learning B. On-the-job training C. Job instructional training D. Simulations
Which of the following is not a true statement regarding harmonization of accounting standards?
a. Harmonization refers to the degree of coordination or similarity among the various sets of national accounting standards and methods and the formats of financial reporting. b. Among the factors underlying the desire for harmonization is the rise in importance of the multinational firm. c. The issue of harmonization is closely tied to the efforts of the IASB as well as activities of the EU. d. Many continental model countries, such as France and Germany, have viewed harmonization as an opportunity to coordinate their accounting standards with those of the US.
What should be included in a training program when trying to prevent discrimination claims?
What will be an ideal response?
The life expectancy of a particular brand of tire is normally distributed with a mean of 40,000 and a standard deviation of 5,000 miles. What percentage of tires will have a life of 34,000 to 46,000 miles?
a. 38.49% b. 76.98% c. 50% d. None of the answers is correct.