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Author Question: It is Dives, Inc.'s first year of business. Dives' net income for its first year is 200,000. Dives ... (Read 121 times)

BrownTown3

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on: Jul 5, 2018
It is Dives, Inc.'s first year of business. Dives' net income for its first year is 200,000. Dives declared and paid dividends of 50,000. The balance in retained earnings at the end of the first year equals:
 
  A) 200,000.
  B) 50,000.
  C) 150,000.
  D) 250,000.

Question 2

Strong antifraud controls include:
 a. segregation of duties
  b. job rotations
  c. mandatory vacations
  d. all of the above


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Laurenleakan

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Reply #1 on: Jul 5, 2018
Answer to Question 1

C

Answer to Question 2

D


BrownTown3

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Reply 2 on: Jul 5, 2018
Excellent

mcarey591

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Reply 3 on: Yesterday
:D TYSM

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