Which of the following shows the relationship between net income and average common stockholders equity?

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A

current ratio

B

acid-test ratio

C

return on equity

D

return on assets

The cost of land does not include the cost of paving to construct a parking lot.

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A

True

B

False

The entry to record the declaration of a cash dividend includes a credit to retained earnings.

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	A	True
	B	False