During the Report-Writing Process, in Order to Minimize Human Errors

question 53

Multiple Choice

During the report-writing process, in order to minimize human errors while interpreting your information you should:

• A) add color to interpretations to make the report more interesting.
• B) compare noncomparable data.
• C) make the facts more exciting than they actually are.
• D) refrain from collecting representative data.
• E) refrain from interpreting a lack of evidence as proof to the contrary.

Understand the process and impact of reacquiring shares and paying dividends on a company's financial statements.

Understand the mechanism of issuing common stock and recording transactions involving common stock, including computations of par value, paid-in capital in excess of par, and determining the number of shares outstanding.

Grasp the concept of par value and how it is determined for a share of stock.

Comprehend how cash dividends are declared, the dates related to dividend declarations, and their recording.