Which of the following must be reported by diversified companies for each of their operating segments?
a. Segment profit or loss, expenses, and earnings per share
b. Segment profit or loss, certain revenue and expense items, and segment assets
c. Assets, liabilities, and earnings per share
d. Segment profit or loss, expenses, and unidentifiable assets
B
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Calculate the percentage cost of goods sold by a business if the cost advantage index of the business is 150 and the average percentage cost of goods sold by its top three competitors are 40%, 50%, and 30%, respectively
A) 150 B) 40 C) 60 D) 126 E) 70
Describe the relationship between the balance sheet and the income statement
Young Corporation's capital stock at December 31 consisted of the following: (a) Common stock, $2 par value; 100,000 shares authorized, issued, and outstanding. (b) 10% noncumulative, nonconvertible preferred stock, $100 par value; 1,000 shares authorized, issued, and outstanding. Young's common stock, which is listed on a major stock exchange, was quoted at $4 per share on December 31 . Young's
net income for the year ended December 31 was $50,000 . The yearly preferred dividend was declared. No capital stock transactions occurred. What was the price earnings ratio on Young's common stock at December 31? a. 6 to 1 b. 8 to 1 c. 10 to 1 d. 16 to 1
An easy way to find positive words for a negative message is to ______.
A. say what will happen B. deny the bad news C. admit responsibility D. place blame