The matching concept states that expenses incurred to produce particular revenues should be matched with those revenues
a. True
b. False
Indicate whether the statement is true or false
True
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The entry to record patent amortization of $4,500 embedded in a product is as follows:
a. Work-in-Process Inventory . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,500 Patent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,500 b. Finished Goods Inventory . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,500 Patent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,500 c. Work-in-Process Inventory . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,500 Allowance for Amortization of Patent . . . . . . . . . . . . . . . . . . . . . . . . . 4,500 d. Finished Goods Inventory . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,500 Allowance for Amortization of Patent . . . . . . . . . . . . . . . . . . . . . . . . . 4,500 e. none of the above
The advantage of using the extra dividend policy is that ________
A) a firm can avoid giving false hopes to shareholders B) if a firm's earnings drop, so does the dividend payment C) the extra dividend may become a regular event D) cyclical shifts in earnings may be avoided
A customer wants to pay off a loan at the end of 6 months on a 12-month installment loan. The monthly payments are $112.50, and the total interest charged is $87.50 . What is the final payment?
a. $649.50 b. $651.44 c. $650.92 d. $665.78
If the expected value of the sample statistic is equal to the population parameter being estimated, the sample statistic is said to
a. have low variability. b. be an unbiased estimator of the population parameter. c. have high precision. d. be a random estimator of the population parameter.