It is necessary for a company to use the same depreciation method for all of its depreciable assets

Indicate whether the statement is true or false


False

Business

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All of the following are normally found in a corporation's stockholders' equity section except

a. Common Stock b. Paid-In Capital in Excess of Par c. Dividends in Arrears d. Retained Earnings

Business

Operating revenue to operating property for a railroad is a turnover type ratio

Indicate whether the statement is true or false

Business

A goal of the EU is to promote progress by establishing an economic and monetary union

a. True b. False Indicate whether the statement is true or false

Business

If Joan transfers her entire lease to Jim, a third party, she has ___________ her lease and she __________ for further rent payments and any restrictions in the lease will be construed in favor of the _________

A) subleased, remains liable, landlord. B) assigned, remains liable, landlord. C) assigned, is not liable, tenant. D) assigned, remains liable, tenant.

Business