Which of the following items should be amortized?
A) natural resources
B) goodwill
C) patents, copyrights, trademarks
D) tangible property, plant, and equipment, other than land
C
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Following are selected data from the financial statements of Mother Nature Supplies: 2017 2016 Accounts receivable $ 60,000 $ 38,000 Merchandise inventory 12,000 16,000 Total assets 450,000 380,000 Net sales 380,000 270,000 Cost of goods sold 160,000 210,000 Refer to the data for Mother Nature Supplies. Which of the following results would be found through a vertical analysis of the balance sheet
or the income statement of Mother Nature Supplies? a. Accounts receivable increased $22,000 during 2017. b. Total assets increased $70,000 during 2017. c. Cost of goods sold increased $50,000 or 23.8% during 2017. d. Gross profit is 57.9% of net sales for 2017.
_____ enables users to complete a particular application or task, such as word processing, investment analysis, data manipulation, or project management.
Fill in the blank(s) with the appropriate word(s).
To enforce federal antitrust law in civil cases, the U.S. Justice Department files ________
A) an administrative action with the Federal Trade Commission (FTC) B) suit in federal district court C) an administrative action with the Interstate Commerce Commission (ICC) D) suit to enforce the law through a private internal administrative action at the Justice Department
Lean production is an integrated set of activities designed to achieve high-volume production using minimal inventories of raw materials, work-in-process, and finished goods.
Answer the following statement true (T) or false (F)