For its most recent fiscal year, Zhang Co. reported net income of $72,500 Its year-end balance sheet indicated $1.174 million in retained earnings. Zhang showed retained earnings of $1.131 million for the previous year. What were the cash dividends (in millions of dollars) paid to shareholders during the most recent year

Which of the following statements about cash basis accounting is true? a. it is more complicated than accrual basis accounting. b. the irs allows all types of corporations to use it. c. it follows gaap standards. d. it ensures the company always knows how much cash flow it has.

Computing equivalent units is especially important for: (a) goods that take a relatively short time to produce, such as plastic bottles. (b) goods with sustainability implications in their production processes. (c) goods that are started and completed during the same period. (d) goods that take a long time to produce, such as airplanes.

Which of the following is considered part of a country’s infrastructure?