Which of the following users would rely on managerial accounting information for decision-making purposes?
A) potential investors
B) creditors
C) customers
D) company managers
D
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A student is defending a certain depreciation method. She uses the argument that repairs and maintenance costs will probably increase as the asset gets older. She also argues that the asset will produce less as it gets older. What depreciation method is she probably defending?
A) straight-line method B) sum-of-the-years'-digits method C) sinking-fund method D) activity method
All of the following are benefits to using cryptocurrencies except ________.
A. it is faster and easier to use than traditional payment methods B. there are no taxes C. it is insured by the Federal Reserve Bank D. it cannot be seized by the government E. there is protection from inflation
Answer the following statements true (T) or false (F)
1. When stock is issued for assets other than cash, the transaction is always recorded at the market value of the stock issued. 2. When stock is issued for assets other than cash, the transaction is recorded at the market value of the stock issued or the market value of the assets received, whichever is more clearly determinable. 3. Preferred Stock is included in the long-term assets section of the balance sheet. 4. If preferred stock is issued for an amount above the par value, the amount of the par value times the number of shares issued is credited to Paid-In Capital in Excess of Par—Preferred. 5. Preferred Stock is included in the stockholders' equity section of the balance sheet and is often listed after Common Stock.
Developed teamwork skills while collaborating within six-member task force in producing 20-page mission statement ?is an effective statement to establish your soft skills on a résumé
Indicate whether the statement is true or false