INSTRUCTIONS: Choose the Word or Phrase in [ ] Which

question 57

Multiple Choice

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. Select
-A budget will have value only if it is actually used and [records are kept of actual income/expenses | spending never deviates from the budgeted amount].

• A)for the first item
• B)for the second item
• C)if neither item will correctly complete the statement.

---

Definitions:

Stock Dividend

The payment of additional shares to shareholders instead of cash, usually at a fixed rate, often used by companies to conserve cash.

Statement of Cash Flows

A financial report that provides aggregate data regarding all cash inflows a company receives from its ongoing operations and external investment sources, as well as all cash outflows that pay for business activities and investments during a given period.

Stock Dividends

Stock dividends are dividends paid to shareholders in the form of additional shares in the company, rather than in cash.