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TRUE OR FALSE   1. The "Matching Principle of accounding requires companies to disclose all transactions, adjusted for changes in monetary inflation.   2. A small Stock Dividend provides each shareholder additional Common Stock shares that could be sold for cash   3. Lusa Pacioli

TRUE OR FALSE   1. The "Matching Principle of accounding requires companies to disclose all transactions, adjusted for changes in monetary inflation.   2. A small Stock Dividend provides each shareholder additional Common Stock shares that could be sold for cash   3. Lusa Pacioli

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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TRUE OR FALSE

 

1. The "Matching Principle of accounding requires companies to disclose all transactions, adjusted for changes in monetary inflation.

 

2. A small Stock Dividend provides each shareholder additional Common Stock shares that could be sold for cash

 

3. Lusa Pacioli, a 15th Century Italian Monk, published the first accounting text in 1491, and is ofter referred to as the "Father of Accounting

 

4. A$100,000 Bond carries a Face (Par) interest rate of 5% If the Blond is sold for Cash when the market interest rate is 4%: The Bond will sell at a Discount

 

5. State and Federal Unemployment taxes are paid by the Employer (ER)

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