Nominal damages include expenses the buyer incurs in receiving, inspecting, transporting, and storing goods shipped by the seller that do not conform with those called for in the contract.
Answer the following statement true (T) or false (F)
False
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All transactions that increase net assets affect income
Indicate whether the statement is true or false
Answer the following statements true (T) or false (F)
1. When valuing intangible property, all of the intangible assets are included in the calculation. 2. Fair market value is the value at which an asset will change hands when the exchange is between a willing buyer and a willing seller when neither is acting under compulsion and both have a reasonable knowledge of relevant fact. 3. The longer the forecast period, the more accurate will the forecast be. 4. Intangible property cannot be valued. 5. The Weighted Average Cost of Capital (WACC) can be used to discount all of the firm’s cash flows.
A sophisticated capital budgeting technique that can be computed by subtracting a project's initial investment from the present value of its cash inflows discounted at a rate equal to a firm's cost of capital is called profitability index
Indicate whether the statement is true or false
A hospital originally recorded all patient services it provided as a $500,000 debit to accounts receivable. Upon review the hospital determined that a contractual adjustment of $200,000 needs to be made, and estimated bad debts of $5,000 need to be recorded. In addition, at the time the receivable was recorded the hospital did not realize $100,000 should be considered charity services. Based on the information provided, what is the net amount of accounts receivable that the hospital would report on its financial statements?
A. $200,000. B. $195,000. C. $300,000. D. $495,000.