A company's dividend distribution can be in the form of cash or additional stock

Indicate whether this statement is true or false.

Answer: TRUE

Business

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When converting from cash basis to accrual basis accounting, which of the following adjustments should be made to cash receipts from customers to determine accrual basis service revenue?

a. Subtract ending accounts receivable. b. Subtract beginning unearned service revenue. c. Add ending accounts receivable. d. Add cash sales.

Business

Which of the following is a disadvantage of audit services (Table 4.3 in the text)?

A) interviewer errors; respondent errors B) data is lacking in terms of content, quantity, and quality C) data may not be representative; quality of data limited D) coverage may be incomplete; matching of data on the competitive activity may be difficult

Business