A Physical Inventory Should Be Taken Annually, at a Minimum

question 61

True/False

A physical inventory should be taken annually, at a minimum, to verify the quantity of goods on hand.

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Definitions:

Declaration Date

Date on which the board of directors passes a resolution to pay a dividend.

Dividend

A portion of a company's earnings that is paid to shareholders, usually on a regular basis.

Corporate Dividend Payout

The part of a company's profits paid out to shareholders as dividends.

Reinvesting Dividends

The process of using dividend payments to purchase more shares of the same stock.