The Dividends account normally has a credit balance.

Answer the following statement true (T) or false (F)


False

This is false. Because dividends decrease stockholders' equity (retained earnings), increases to the Dividends account are recorded as debits, not credits. The normal balance of an account is the side on which increases are recorded.

Business

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Rebate programs tend to be more effective than other promotions because consumers get excited about them and this leads them to wait patiently until one is offered before making a purchase

Indicate whether the statement is true or false

Business

International accounting standards require companies to revalue their property, plant, and equipment to reflect fair market values

a. True b. False Indicate whether the statement is true or false

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What is a trade secret? What must a plaintiff prove under common law to enjoin a competitor for continuing the use of a trade secret, or to recover damages caused by the use of the secret?

What will be an ideal response?

Business

InfoFreeInc, makes and sells devices and services for the circumvention of encryption software and other technological antipiracy protection. Under the Digital Millennium Copyright Act, this is

a. a violation of copyright law. b. prohibited but not a violation of copyright law. c. a "fair use" exception to the provisions of the act. d. permitted for reconsideration every three years.

Business