The Date on Which the Board of Directors Passes a Resolution

question 20

Multiple Choice

The date on which the board of directors passes a resolution authorizing payment of a dividend to the shareholders is the ________ date.

• A)ex-rights
• B)ex-dividend
• C)record
• D)payment
• E)declaration

Prepare and understand a cost reconciliation schedule.

Grasp the concept and application of equivalent units of production in cost accounting.

Understand the principles of just-in-time (JIT) inventory management and its impact on cost accounting.

Match common terms and concepts used in process cost accounting with their definitions.

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Definitions:

Autism

A developmental disorder characterized by difficulties in social interaction and communication, and by restricted or repetitive patterns of thought and behavior.

Theory Of Mind

People’s ideas about their own and others’ mental states—about their feelings, perceptions, and thoughts, and the behaviors these might predict.

Mirror Neurons

Frontal lobe neurons that fire when performing certain actions or when observing another doing so. The brain’s mirroring of another’s action may enable imitation and empathy.

Observational Learning

Observational learning is a learning process through watching others, retaining the information, and then later replicating the behaviors that were observed.