Buyback programs are used to prevent stock options and the new shares resulting from the exercise of options from diluting stock prices and earnings per share
Indicate whether the statement is true or false
TRUE
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Comprehensive income does not affect net income or retained earnings
a. True b. False Indicate whether the statement is true or false
When variables are perfectly associated, the phi coefficient assumes the value of 1
Indicate whether the statement is true or false
James sells blank aluminum cans for soda manufacturers to fill and label. James would be classified as a(n):
A. account representative. B. detail salesperson. C. industrial products salesperson. D. direct salesperson. E. sales engineer.
Wickland Company installs a manufacturing machine in its production facility at the beginning of the year at a cost of $87,000. The machine's useful life is estimated to be 5 years, or 400,000 units of product, with a $7,000 salvage value. During its second year, the machine produces 84,500 units of product. Determine the machines' second year depreciation under the units-of-production method.
A. $17,400. B. $18,379. C. $16,000. D. $20,880. E. $16,900.