ABC Corporation issued and sold 10 shares of stock to Irene Investor, a private individual. This represents a secondary market transaction
Indicate whether this statement is true or false.
Answer: FALSE
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The cash flow statement of the United Company is in process for 2019. The United Company is reporting the following balances: 12/31/18 12/31/19 Equipment$100,000 $170,000 Loss on sale of equipment 0 10,000 Accumulated depreciation-equipment 75,000 95,000 During 2019, United sold equipment costing $30,000 for $12,000 and made several purchases of new equipment for cash.Depreciation expense for 2019 is:
A. $ 18,000. B. $ 20,000. C. $ 28,000. D. $ 8,000.
In graphical models, the variables and their relationships are stated in prose form
Indicate whether the statement is true or false
A normal distribution is a basis for classical statistical inference that is bell-shaped and symmetrical in appearance
Indicate whether the statement is true or false
Lloyd's Moving Company is considering purchasing new equipment that costs $728,000
Its management estimates that the equipment will generate cash flows as follows: Year 1 $214,000 2 214,000 3 264,000 4 264,000 5 150,000 Present value of $1: 6% 7% 8% 9% 10% 1 0.943 0.935 0.926 0.917 0.909 2 0.890 0.873 0.857 0.842 0.826 3 0.840 0.816 0.794 0.772 0.751 4 0.792 0.763 0.735 0.708 0.683 5 0.747 0.713 0.681 0.650 0.621 The company's annual required rate of return is 9%. Using the factors in the table, calculate the present value of the cash flows. (Round all calculations to the nearest whole dollar.) A) $892,000 B) $864,646 C) $853,320 D) $894,000