Profit margin measures the relation of debt to assets.
Answer the following statement true (T) or false (F)
False
You might also like to view...
Use the incomplete stockholders' equity section of Box Company's balance sheet as of December 31, 2016, to answer the following question. Common stock, $7 par, 100,000 shares authorized $ 700,000 Additional paid-in capital—common 160,000 Retained earnings ? Treasury stock (2,000 shares at cost) (16,000) Total stockholders' equity 974,000 How many shares of common stock are outstanding?
a. 100,000 b. 98,000 c. 78,000 d. 68,000
Net income on a cash basis is arrived at by adding depreciation and amortization back to accrual net income
a. True b. False Indicate whether the statement is true or false
A truck that cost $12,000 and on which $9,000 of accumulated depreciation has been recorded was disposed of on January 1 . Assume that the truck was disposed of for $2,000 cash. The entry to record this event is:
a. Accumulated Depreciation— Truck 3,000 Truck 3,000 b. Accumulated Depreciation— Truck 11,000 Truck 10,000 Gain on Sale of Truck 1,000 c. Cash 2,000 Accumulated Depreciation— Truck 9,000 Loss on Sale of Truck 1,000 Truck 12,000 d. Truck 9,000 Accumulated Depreciation— Truck 9,000
Opinion leaders influence younger consumers but usually have little or no effect on adults seeking to make a major purchase
Indicate whether the statement is true or false