Answer the following statements true (T) or false (F)
Comprehensive income as defined by SFAC No. 6 includes all changes in equity during a period.
ANSWER: F
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Which of the following is a NOT a disadvantage of leasing an automobile?
a. vehicle is not owned b. lease agreements are not consumer friendly c. monthly lease payments are lower than monthly purchase payments d. lessees pay extra costs for mileage, repair, and early return costs e. qualifying by lessees
Fixed costs are those costs that continue even if no units are produced
Indicate whether the statement is true or false
Use the information in Table 13.4. What is the center of gravity?
A) x < 7, y < 8 B) x > 7, y < 8 C) x < 7, y > 8 D) x > 7, y > 8
DB offered to sell a cap for $10 . Nate said, "I'll pay you $1.". DB said OK
a. There is a contract for the sale of the hat for $1.00. b. There is no contract for the sale of the hat because nothing is in writing. c. There is no contract because there was only an offer and acceptance d. There is no contract because there is no consideration.