From a budgeting view, which of the following statements is not true concerning variances?
A)
A favorable expense variance means the budgeted amount was more than actual.
B)
Cumulative variance = current month's variance + variances of previous months.
C)
Ideally, cumulative variances for the year will equal zero.
D)
Ideally, cumulative variances for the year should have a positive value.
D
Business
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Indicate whether the statement is true or false
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Assume that on January 1 a firm announces that on June 30 they will pay a dividend of $2.50 per share to holders of record on March 30. When does the stock sell ex-dividend?
A) January 5 B) April 5 C) March 28 D) July 5 E) June 25
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