Before volunteering someone's name as a reference, always
A) assume you have permission to do so.
B) ask that person's permission.
C) describe your relationship with that person.
D) list that person's address and phone number for ease of contact.
E) explain that you're not really sure what they will say about you.
Answer: B
Explanation: B) Some people do not want to be listed as references for privacy reasons. Others do not want to be surprised by the request or burdened by the responsibility of supplying a recommendation for you. Still others may feel they do not know you well enough to be listed as a reference, or they may even feel they cannot recommend you. For all these reasons, ask people ahead of time if you can use them as a reference.
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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 assets?
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What will be an ideal response?