A full-featured 64-bit CPU, even one with multiple ALUs and pipelined processing, typically requires fewer than 50 million transistors
a. True
b. False
Indicate whether the statement is true or false
False
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A $300,000 bond was redeemed at 98 when the carrying value of the bond was $292,000 . The entry to record theredemption would include a
a. loss on bond redemption of $4,000 b. gain on bond redemption of $4,000 c. gain on bond redemption of $2,000 d. loss on bond redemption of $2,000
Stanziano Construction needs a backhoe to complete a project. If it pays Hofmann Rentals for temporary use of the equipment, the transaction will be governed by
A. Article 2 of UCC. B. Article 2A of the UCC. C. Article 3 of the UCC. D. bulk transfer law.
Performance is measured by
A. liquidity ratios. B. leverage ratios. C. profitability ratios. D. turnover ratios.
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 sales adjusted to a cash basis would be: A. $688,000 B. $700,000 C. $677,000 D. $712,000