When a previously declared dividend is paid, which of the following occurs?
A) assets increase
B) stockholders' equity increases
C) liabilities decrease
D) assets remain unchanged
C
Business
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The failure to properly record an adjusting entry to accrue a revenue item will result in an:
a. understatement of revenues and an understatement of liabilities. b. overstatement of revenues and an overstatement of liabilities. c. overstatement of revenues and an overstatement of assets. d. understatement of revenues and an understatement of assets.
Business
MRP is NOT capable of:
A) lowering inventory levels. B) helping a firm meet their master schedule commitments. C) telling a firm's suppliers what needs to be made and by when. D) sequencing jobs at a machining center.
Business