Adding gourmet coffee stations to my convenience store is expected to increase sales of my
breakfast sandwiches;
however, the sales of breakfast sandwiches should not be included in the
evaluation of the gourmet coffee project because only relevant, incremental cash flows should be
considered.
FALSE
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A company had revenues of $75,000 and expenses of $62,000 for the accounting period. Dividends of $8,000 were paid in cash during the same period. Which of the following entries could not be a closing entry?
A. Debit Income Summary $62,000, credit Expenses $62,000. B. Debit Revenues $75,000; credit Income Summary $75,000. C. Debit Income Summary $75,000; credit Revenues $75,000. D. Debit Income Summary $13,000; credit Retained earnings $13,000. E. Debit Retained earnings $8,000, credit Dividends $8,000.
Dividing stockholders' equity applicable to common shares by the number of common shares outstanding yields the book value per common share.
Answer the following statement true (T) or false (F)
An advantage of LTL shipping is that ______.
a. it costs less than FedEx or UPS b. the transit times are shorter than FTL c. it is particularly convenient for very large consignments d. it is very suitable for shipping liquids
Explain the common law writs for review
What will be an ideal response?