Which sentence is punctuated correctly?
A) Many employees will be facing layoffs, in the meantime, some are seeking retraining through the company's strong educational incentive.
B) Standardized tests are often used by schools to measure student success; however, they are often criticized as discriminating against minorities.
C) Our Los Angeles office will be closing, therefore; employees must either retire, transfer to another branch, or accept a severance package.
B
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When a bond is issued at a discount, the interest expense each year is less than the cash payment for interest
a. True b. False Indicate whether the statement is true or false
The higher the value added from any activity, the higher should be the ____________________ from engaging in that activity
Fill in the blank(s) with correct word
Assume that you have an unfair coin. You flip this coin 10 times and conclude that it is fair based upon a statistical test. You have…
a. Made a correct decision b. committed a Type II error c. committed a Type I error d. none of the
Van Beeber Corporation's comparative balance sheet and income statement for last year appear below:Comparative Balance Sheet???Ending BalanceBeginning BalanceCash and cash equivalents$58,000$34,000Accounts receivable48,00036,000Inventory56,00067,000Prepaid expenses24,00016,000Long-term investments280,000220,000Property, plant, and equipment580,000580,000Less accumulated depreciation 270,000 235,000Total assets 776,000 718,000???Accounts payable$32,000$53,000Accrued liabilities38,00021,000Income taxes payable61,00031,000Bonds payable90,00060,000Common stock80,00060,000Retained earnings 475,000 433,000Total liabilities and stockholders' equity 776,000 718,000Income Statement?Sales$700,000Cost of goods sold 360,000Gross
margin 340,000Selling and administrative expense 210,000Net operating income130,000Income taxes 39,000Net income $91,000The company declared and paid $49,000 in cash dividends during the year. It did not sell or retire any property, plant, and equipment during the year. The company uses the direct method to determine the net cash provided by (used in) operating activities.On the statement of cash flows, the selling and administrative expense adjusted to a cash basis would be: A. $210,000 B. $166,000 C. $254,000 D. $201,000