1. Declaring a dividend will: A. Increase net income. B. Increase the net worth of a...
1. Declaring a dividend will:
A. Increase net income.
B. Increase the net worth of a company.
C. Not change net income.
D. Decrease net income.
2.
2. The concept of adequate disclosure:
A. Does not apply to events occurring after the balance sheet date.
B. Grants users of the financial statements access to a company's accounting records.
C. Specifies which accounting methods must be used in a company's financial statements.
D. Demands a "good faith effort" by management.
Homework Answers
1. Declaring a dividend will affect the"Retained earning" of a compant and not the net income.
hence correct answer is option no. (C)
2. As per the concept of adequate disclosure, an organization should disclose everything that the stakholders , need for understanding the financial health of the organization.
hence correct answer is option no.(D)
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