Communication protocols are less important for computer-to-computer communication than for person-to-person communication
a. True
b. False
Indicate whether the statement is true or false
False
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Company XYZ made a profit of $25 million last year. It paid its shareholders $30 million in dividends. What are the results?
a) Retained earnings are -$5 million and book value increase by $5 million b) Retained earnings are $5 million and book value decrease by $5 million c) Retained earnings are -$5 million and book value decrease by $5 million d) There are no "results" because the situation cannot exist!
Grizzly Company had Retained Earnings at December 31, 2018 of $300,000. During 2019, the company had revenues of $600,000 and expenses of $525,000, and the company declared and paid dividends of $16,500. Retained earnings on the balance sheet as of December 31, 2019 will be:
A. $58,500. B. $375,000. C. $358,500. D. $433,500.