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NEW QUESTION: 1
Excerpts from the balance sheet of Milton Corporation as of April 30, 1997 are presented as follows:
Cash $725,000 Accounts receivable (net) $1,640,000 Inventories $2,945,000 Total current assets
$5,310,000 Accounts payable $1,236,000 Accrued liabilities $831,000 Total current liabilities $2,067,000 Cash $725,000 Accounts receivable (net) $1,640,000
Inventories $2,945,000
Total current assets $5,310,000
Accounts payable $1,236,000
Accrued liabilities $831,000
Total current liabilities $2,067,000
The board of directors of Milton met on May 5, 1997 and declared a quarterly cash dividend in the amount of $200,000 ($0.50 per share). The dividend was paid on May 28, 1997 to shareholders of record as of May 15, 1997. Assume that the only transactions that affected Milton during May 1997 were the dividend transactions. If the dividend declared by Milton had been a 10% stock dividend instead of a cash dividend, Milton's current liabilities would have been
A. unchanged by either the dividend declaration or the dividend distribution.
B. increased by the dividend declaration and decreased by the dividend distribution.
C. decreased by the dividend declaration and increased by the dividend distribution.
D. unchanged by the dividend declaration and decreased by the dividend distribution.
E. increased by the dividend declaration and unchanged by the dividend distribution.
Answer: A
Explanation:
Explanation/Reference:
Explanation:
The declaration and distribution of a stock dividend involves transferring an amount from retained earnings to common stock. However, there is no impact on current liabilities as there is no future obligation created to distribute cash.
NEW QUESTION: 2
You have an Azure Active Directory (Azure AD) tenant.
You need to create a conditional access policy that requires all users to use multi-factor authentication when they access the Azure portal.
Which three settings should you configure? To answer, select the appropriate settings in the answer area.
NOTE: Each correct selection is worth one point.
Answer:
Explanation:
NEW QUESTION: 3
Which of the following are the benefits of EC as compared to a traditional HRIS? Please choose 2 correct answer.
A. Difficult to connect
B. Data Management
C. Expensive
D. Strategic insight
E. Workforce support
Answer: B,D