If net income is $40,000, and other income is $5,000, then the income from operations total must be $35,000
Indicate whether the statement is true or false
true
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Ford Motor Company (United States) has a 50-50 joint venture to build Ford Fiestas with:
A) Toyota (Japan). B) Shanghai Automotive Industry (China). C) BMW (Germany). D) Mahindra & Mahindra (India). E) Mazda (Japan).
The value of secondary data is typically limited by their degree of fit with the current research problem and by concerns regarding data accuracy
Indicate whether the statement is true or false
The following information is available for Juno Company for the month ending June 30, 2019.
* Balance as per the bank statement is $11,500. * Balance as per books is $10,300. * Check #506 for $1,400 and check #510 for $900 were not shown on the June 30, bank statement. * A deposit in transit of $3,218 had not been received by the bank when the bank statement was generated. * A bank debit memo indicated an NSF check for $100 written by Jane Smith to Juno Company on June 13. * A bank credit memo indicated a note collected by the bank of $2,200 and interest revenue of $53 on June 20. * The bank statement indicated service charges of $35. What is the adjusted book balance? A) $12,453 B) $12,418 C) $8,053 D) $8,000
A company had the following purchases and sales during its first year of operations: PurchasesSalesJanuary:10 units at $1206 unitsFebruary:20 units at $1255 unitsMay:15 units at $1309 unitsSeptember:12 units at $1358 unitsNovember:10 units at $14013 units On December 31, there were 26 units remaining in ending inventory. Using the Periodic LIFO inventory valuation method, what is the value of cost of goods sold? (Assume all sales were made on the last day of the month.)
A. $5,400. B. $8,670. C. $5,130. D. $5,470. E. $3,200.