The primary advantage of term insurance is a flexible premium
Indicate whether this statement is true or false.
Answer: FALSE
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_____________________depreciation is the GAAP depreciation method considered to be "accelerated" in nature
Fill in the blank(s) with correct word
Selling bonds enables the issuing corporation to obtain large amounts of money by borrowing from many investors
Indicate whether the statement is true or false
Brink Financial Advisors provides accounting and finance assistance to customers in the retail business. Brink has four professionals on staff, plus an office with six clerical staff. Total compensation, including benefits, for the professional staff runs up to $800,000 per year, and normal billable hours are about 3300 billable hours per year. The professional staff keep detailed time sheets organized by client number. The total office and administrative costs for the year are $270,000. Brink allocates office and administrative costs to clients monthly, using a predetermined overhead allocation rate based on billable hours. During July, Brink's professionals spent 42 hours on their client, Waseca Sales. Brink adds a 30% markup on its costs to calculate the amount billed to the customer. H
A) $13,618.08 B) $3054.492 C) $3436 D) $4085
The statement of retained earnings:
A. Reports on cash flows for operating, financing, and investing activities at a point in time. B. Reports changes in equity due to net income, net losses and dividends. C. Reports on amounts for assets, liabilities, and equity at a point in time. D. Reports on cash flows for operating, financing, and investing activities over a period of time. E. Reports changes in equity due to stockholder investments.