Which of the following is the most common type of corporate structure that is used by accounting firms that operate in the U.S.?

When writing a recommendation report using an indirect approach, how should you present the problem or need that your recommendation addresses?

Keep descriptions vague. Use specific examples.

If the board of directors authorizes a $100,000 restriction of retained earnings for a future plant expansion, the effect on this action is to

A. decrease total assets and total stockholders' equity B. increase stockholder's equity and decrease total liabilities C. decrease total retained earnings and increase total liabilities D. reduce the amount of retained earnings available for dividend declarations