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Author Question: If a firm does not have enough money to pay any common stock dividends, it is technically in ... (Read 91 times)

stephzh

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on: Jul 10, 2018
If a firm does not have enough money to pay any common stock dividends, it is technically in
  default to the common shareholders.
 
  Indicate whether the statement is true or false

Question 2

In the next planning period, a firm plans to change its policy of all cash sales and initiate a credit policy requiring payment within 30 days. The statements that will be directly affected immediately are the ________.
 
  A) pro forma income statement, balance sheet, and cash budget
  B) pro forma balance sheet and cash budget
  C) cash budget and statement of retained earnings
  D) pro forma income statement and pro forma balance sheet


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xthemafja

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Reply #1 on: Jul 10, 2018
Answer to Question 1

FALSE

Answer to Question 2

B


stephzh

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Reply #2 on: Jul 10, 2018
TY


xthemafja

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Reply #3 on: Jul 10, 2018
Happy to Help


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