Restrictions on retained earnings are ________
A) reported on the statement of cash flows
B) usually reported in the notes to the financial statements
C) reported on the income statement
D) designed to maximize dividends paid to shareholders
B
Business
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At year-end, the balance in the prepaid insurance account, prior to any adjustements, is $6,000. The amount of the journal entry required to record insurance expense will be $4,000 if the amount of unexpired insurance applicable to future periods is $2,000
a. true b. false
Business
Which of the following types of promotion tools requires a considerable degree of personal interaction with a customer?
A) digital advertising B) personal selling C) sales promotion D) public relations E) television advertising
Business