The Statute of Frauds requires certain types of contracts to be evidenced by some form of written communication
a. True
b. False
Indicate whether the statement is true or false
True
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Costs incurred to keep assets in normal operating condition are called revenue expenditures
a. True b. False Indicate whether the statement is true or false
Tulip Corp has $1,000,000, 6%, nonconvertible bonds due in 2017 and $1,500,000, 3%, convertible bonds due in 2018. The basic earnings per share are $1.25 and the diluted earnings per share are $1.18. Based upon this information, Tulip must disclose
A) basic earnings per share because the convertible bonds are not dilutive. B) basic earnings per share and dilutive earnings per share because the convertible bonds are dilutive. C) basic earnings per share, and the convertible bonds must be disclosed in the stockholders' equity section of the balance sheet. D) basic earnings per share and dilutive earnings per share, and the convertible bonds must be disclosed in the stockholders' equity section of the balance sheet.
The balance in a bond discount account should be reported on the balance sheet as a deduction from the related bonds payable
Indicate whether the statement is true or false
The first step in planning and scheduling a project is to develop the
A) employee scheduling plan. B) PERT/CPM network diagram. C) critical path. D) work breakdown structure. E) variance calculations for each activity.