The accounting rate of return considers the salvage value of an asset
Indicate whether the statement is true or false
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Estimating and recording product warranty expense in the period of the sale best follows which of the following accounting concepts?
A) Cost concept B) Business entity concept C) Matching Concept D) Materiality concept
Using common-size financial statements:
a. is a very effective way to search for fraud symptoms related to changes in account balances. b. is a process whereby financial statements are converted to various financial ratios for easy analysis. c. allows a fraud examiner to definitively conclude that management is committing financial statement fraud. d. allows comparisons between companies in the same industry to highlight variations in performance.
Deonna has been asked to write a marketing plan for a new restaurant. What questions will Deonna likely address in her marketing plan? Be specific and offer questions related to a restaurant.
What will be an ideal response?
Which of the following statements is correct?
A. A hostile takeover is the primary method of transferring ownership interest in a corporation. B. The corporation is a legal entity created by the state and is a direct extension of the legal status of its owners and managers, that is, the owners and managers are the corporation. C. Unlimited liability and limited life are two key advantages of the corporate form over other forms of business organization. D. In part due to limited liability and ease of ownership transfer, corporations have less trouble raising money in financial markets than other organizational forms. E. Although stockholders of the corporation are insulated by limited legal liability, the legal status of the corporation does not protect the firm's managers in the same way.