Distributions That Are Not Dividends Are a Return of Capital

question 39

True/False

Distributions that are not dividends are a return of capital and cause the shareholder's capital account to increase.

Explain the discharge or modification of contracts through unilateral actions.

Identify and define key terms in contract law, such as agreements to terminate or disregard terms.

Differentiate between key contract law concepts such as down payments and deposits.

Discuss the limitations on specific performance, injunctions, and other equitable remedies in contract law.

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Definitions:

Quantity Variances

The difference between the expected and actual number of units used or produced, which can affect costing and budgeting assessments.

Price Variance

The difference between the actual price paid for a purchase and the standard or expected price, usually applied to direct materials or direct labor costs.

Quantity Variance

A measure of the difference between the expected and actual quantities used in production, affecting materials or labor.

Overhead Absorbed

The overhead rate multiplied by standard units of volume.