When goods are transferred from the Finished Goods Inventory account to the Cost of Goods Sold account, the product costs move from the balance sheet to the income statement

The purpose of a reverse stock split is to ________

A) issue additional shares B) increase the dividend C) increase the price of a stock D) decrease trading activity

When a firm stretches accounts payable without hurting its credit rating, the cost of giving up a cash discount is ________

A) reduced B) increased C) unaffected D) increased or decreased depending on the opening accounts payable balance