A One-Time Payment to Shareholders That Is Much Larger Than

question 13

Multiple Choice

A one-time payment to shareholders that is much larger than a regular dividend is often referred to as a(n) ________ dividend.

• A) taxable
• B) divesting
• C) special
• D) ex-day

Estimate inventory cost using the gross profit method.

Distinguish between FOB shipping point and FOB destination and its impact on inventory valuation.

Analyze the effects of consigned goods on inventory accounts.

Understand how merchandise returns from customers are recorded in accounting.