In reviewing the T-account for Accounts Receivable, you find that the beginning balance is zero, the total increases are $5,200 and the total decreases are $2,400. This means that the ending balance of the account is a credit balance of $2,800.

Where must earnings per share be disclosed in the financial statements to satisfy generally accepted accounting principles?

a. On the face of the statement of retained earnings (or, statement of stockholders' equity.) b. In the footnotes to the financial statements. c. On the face of the income statement. d. Either (a) or (c).

Regardless of the type of responsibility center, responsibility reports should focus on information, not blame

Indicate whether the statement is true or false