According to the study Workforce 2000, the largest group of new entrants into the labor force by the year 2000 would be:
a. Native white males c. People of color
b. Women d. Immigrants
B
New entrants into the labor force by the year 2000 would only be 15 percent native white males. Women, (white and women of color) would make up 61 percent of new workers; and people of color (including women of color) and immigrants would provide 29 percent of the new century's beginning work force.
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On December 1, the board of directors of Buy & Large, Inc., declared a cash dividend of $2 per share on the 300,000 common shares outstanding on record at December 31, payable January 10 of the following year. No other dividends were declared in either year. Show the effect on the accounting equation of the entry to be recorded on December 1: What happened to liabilities?
A. Debit Dividends 600,000 B. Debit Common Stock 600,000 C. Debit Dividends Payable 600,000 D. 0 No Effect E. Debit Cash 600,000 F. Credit Common Stock 600,000 G. Credit Paid-in Capital in Excess of Par 600,000 H. Credit Cash 600,000 I. Credit Dividends Payable 600,000 J. Debit Dividends and Credit Dividends Payable 600,000
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Indicate whether the statement is true or false.