Indicate the group of words in which the number or numbers are correctly expressed. Which is correct?
A) seven and a half years
B) 7 1/2 years
B
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If a company constructs an asset over a period of time and borrows money, the amount of interest incurred during construction on the borrowed money is
a. capitalized as part of the cost of the plant asset. b. amortized over the construction period. c. reported as interest expense on the income statement. d. reported as depletion on the income statement.
Which of the following is a function of a distribution center?
A. Providing technical support for products B. Managing customer support C. Providing after-sale service D. Managing inbound transportation E. Negotiating with vendors
The modified internal rate of return (MIRR) is a better indicator of a project's true profitability because:
A. only cash flows after payback period are discounted. B. of the assumption of a shorter payback period than the maximum cost recovery time established by firm. C. it assumes that the cash flows are reinvested at the required rate of return. D. of the assumption that the cash flows are reinvested at a risk-free rate. E. the cash flows are discounted at the internal rate of return.
A company's trial balance included the following account balances: Accounts Payable$19,207 Accounts Receivable 81,336 Cash 73,324 Income Tax Payable 3,512 Inventory 25,816 Note Payable, due in two years 1,709 Equipment 54,128 Stockholders' Equity 202,808 Supplies 5,512 Wages Payable 12,880 What is the amount of Total Assets on the Balance Sheet?
A. $214,300 B. $240,116 C. $442,924 D. $480,232