The capitalization of interest in the acquisition cost of assets during construction
a. reduces otherwise reportable interest expense.
b. increases net income during periods of construction.
c. results in higher depreciation charges, reducing net income.
d. delays expense recognition from the times of borrowing to the times of using the asset.
e. all of the above
E
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A company can use a blog to get their ideas out to interested target customers, but not to position itself as a thought leader on a particular topic.
Answer the following statement true (T) or false (F)
Phelps Company manufactures custom-designed filtering equipment for swimming pools and tanks. In May 2014, the company had sales of $895,000 and incurred the following costs of quality: Product design costs $ 8,600 Product recall costs 5,200 Product simulation costs 13,500 Product testing costs 3,500 Product warranty claims 2,000 Scrap and rework costs 3,000 The total costs of quality as a
percentage of sales were A) 3.5% B) 4.0% C) 4.5% D) 5.0%
In an MPR plan, the strategy component explains how media mentions and word-of-mouth will be accomplished
Indicate whether the statement is true or false
A ________ is a record that evidences both a monetary obligation and a security interest in specific goods and software used in the goods
A) chattel paper B) citation C) financing statement D) document of possession