Because e-mail is an informal communication tool, it's not necessary to check your messages for correct spelling, grammar, and punctuation
Indicate whether the statement is true or false
False
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Fairchild Company acquired a building valued at $210,000 for property tax purposes in exchange for 6,000 shares of its $10 par common stock. The stock is widely traded and selling for $31 per share. At what amount should the building be recorded by Fairchild Company?
a. $210,000 b. $60,000 c. $186,000 d. $150,000
In regression, the line that runs through the points on a scatter diagram is positioned to minimize the vertical distances away from the line of the various points because of the "least squares criterion."
Indicate whether the statement is true or false
Based on the above information, which of the following statements is TRUE?
The data of Graham Brothers Company for two years are given below.
A) Cash ratio has increased from 0.02 in 2018 to 0.03 in 2019.
B) Cash ratio has increased from 0.05 in 2018 to 0.08 in 2019.
C) Cash ratio has increased from 0.387 in 2018 to 0.221 in 2019.
D) Cash ratio has increased from 0.221 in 2018 to 0.387 in 2019.
Ethical issues may arise when management dips into LIFO layers
a. when some LIFO liquidations are unavoidable due to shortages of raw materials. b. due to improved inventory control systems that reduce the amount of inventory needed. c. in order to manage earnings in a particular year rather than replenish inventories. d. all of the above. e. none of the above.