In 2014, Dallas Company had sales of $600,000; cost of sales of $430,000; interest expense of $12,000; and a gain on the sale of a component of $52,000; For its income statement, Dallas uses the single-step format and the all-inclusive concept. What was Dallas's reported pretax income from continuing operations?
A) $150,000
B) $170,000
C) $158,000
D) $118,000
C
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The difference between interval and ratio data is…
a. ratio data have a meaningful zero whereas interval data do not b. ratio data are qualitative whereas interval data are quantitative c. ratio data are dichotomous whereas interval data are not d. There is no difference between interval and ratio data.
The Sarbanes-Oxley Act of 2002 dealt with conflicts of interest in
A) investment banks. B) accounting firms. C) credit-rating agencies. D) all of the above.
A specific tariff is:
a. applied only to exports b. set as a percentage of the product price of an imported good c. applied only to products produced in countries that are not members of the WTO d. applied only to goods, not services e. none of the other choices
Explain what domain entities are and provide some examples
What will be an ideal response?