q prior period adjustmentsa may only increase
Q. Prior period adjustmentsa. may only increase retained earnings.b. may only decrease retained earnings.c. may either increase or decrease retained earnings.d. do not affect retained earnings
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my company has done a down payment on inventory then manufacturer will ship this order between 30 to 60 days after original payment and the balance
q if kiner company issues 3000 shares of 5 par value common stock for 70000 the accounta paid-in capital in excess of par value will be credited for
q corporations generally issue stock dividends in order toa increase the market price per shareb exceed stockholders dividend expectationsc increase
q retained earnings is increased by each of the following excepta some disposals of treasury stockb net incomec prior period adjustmentsd all of
q prior period adjustmentsa may only increase retained earningsb may only decrease retained earningsc may either increase or decrease retained
q if a stockholder receives a dividend that reduces retained earnings by the fair market value of the stock the stockholder has received aa large
q andy eggers has invested 150000 in a privately held family corporation the corporation does not do well and must declare bankruptcy what amount
q which of the following is not true of a corporationa it may buy own and sell propertyb it may sue and be suedc the acts of its owners bind the
q dividends in arrears on cumulative preferred stocka are shown in stockholders equity of the balance sheetb must be paid before common stockholders
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