A firm must capitalize start-up expenditures of a new business in excess of $5,000 but may deduct expansion costs of an existing business.
Answer the following statement true (T) or false (F)
True
You might also like to view...
Portland Sound Cafe began business on January 1, 2016 . The corporate charter authorized issuance of 1,000 shares of no-par value common stock, of which 200 shares were issued, and 4,000 shares of $8 par value, 6% cumulative preferred stock, of which none were issued. Portland Sound sold 400 shares of common stock at $8 per share on May 1 . The entry to record the issuance of the shares on May 1
will: a. Increase Cash, $1,000; Increase Additional Paid-in Capital—Common, $320; Increase Common Stock, $680 b. Increase Cash, $3,200; Increase Additional Paid-in Capital—Common, $2,800; Increase Common Stock, $400 c. Increase Cash, $4,800; Increase Common Stock, $4,800 d. Increase Cash, $3,200; Increase Common Stock, $3,200
An internal issue to be considered when setting a price is
A) whether there is a sole source or heavy competition. B) the life of the product or service. C) a price geared toward a minimum return on investment. D) whether there is seasonal demand or continual demand.
Management is concerned that workers create more product defects at the very beginning and end of a work shift than at other times of their eight-hour workday. Construct a scatter diagram with the following data collected last week
Is management justified in its belief? Number of Defects Monday Tuesday Wednesday Thursday Friday First hour at work 12 9 6 8 7 Second hour at work 6 5 3 4 5 Third hour at work 5 2 4 3 3 Fourth hour at work 4 0 5 2 3 Fifth hour at work 1 6 2 4 5 Sixth hour at work 4 3 3 2 1 Seventh hour at work 7 4 4 6 3 Eighth hour at work 5 7 8 5 9
Regarding the Eight Types of Waste that must be eliminated to implement lean systems, excessive movement and material handling of product between processes is part of which general waste category?
A) Motion B) Transportation C) Inappropriate Processing D) Underutilization of Employees