Maurice Corporation invested $100,000 to acquire 20,000 shares of Delta Technologies, Inc on March 1, 2017
Delta pays a cash dividend of $0.25 per share on July 2, 2018. The investment is classified as available-for-sale. Based on these two transactions, which of the following is true of the accounting equation as of July 2, 2018?
A) Total assets in the balance sheet will remain unchanged.
B) Current assets in the balance sheet will remain unchanged.
C) Equity in the balance sheet will increase.
D) Total liabilities in the balance sheet will increase.
C
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In which stage of the product life cycle should product strategy focus on process modifications as the product is being "fine-tuned" for the market?
A) introduction B) growth C) maturity D) decline E) incubation
The cash basis of accounting records a sale when the payment is received from a customer
Indicate whether the statement is true or false