Under which of the following situations, a company is most likely to experience high levels of environmental richness?
A) the company uses a matrix organizational structure
B) the company is not able to obtain sufficient quantity of required raw material due to new government restrictions
C) the company is highly centralized
D) the company has a monopoly in its industry
D
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On December 1, the board of directors of Buy & Large, Inc., declared a cash dividend of $2 per share on the 300,000 common shares outstanding on record at December 31, payable January 10 of the following year. No other dividends were declared in either year. Show the effect on the accounting equation of the entry to be recorded on January 10. What happened to liabilities?
A. (600,000) Treasury Stock B. (600,000) Paid-in Capital in Excess of Par C. 600,000 Dividends Payable D. 600,000 Common Stock E. (600,000) Common Stock F. (600,000) Dividends G. 600,000 Cash H. (600,000) Cash I. 0 No Effect J. (600,000) Dividends Payable
An exclusion affects a person's taxes by
A) reducing the amount of taxable income. B) increasing itemized deductions. C) decreasing itemized deductions. D) lowering a person's tax rate. E) increasing the number of exemptions a person can claim.