Marcia received a gift from her mother. She must include it as part of her gross income, and her mother may deduct it as an itemized contribution
Indicate whether the statement is true or false
FALSE
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Businesses commonly use cash registers with tapes that accumulate a record of the day's cash receipts
Indicate whether the statement is true or false
Accrued revenues:
A. Are listed on the balance sheet as liabilities. B. At the end of one accounting period result in cash receipts in a future period. C. Are recorded at the end of an accounting period because cash has already been received for revenues earned. D. At the end of one accounting period often result in cash payments in the next period. E. Are also called unearned revenues.
The Magazine Division of Continental Publishing Company had the following financial data for the year: Assets available for use $1,000,000 Book Value $1,500,000 Market Value Residual income $100,000 Return on investment 15% Refer to Continental Publishing Company. What was the Magazine Division's segment income?
a. $150,000 b. $100,000 c. $250,000 d. $ 50,000
What is the advantage to keeping key points to a maximum of four or five?
A) People generally expect at least seven key points, and you will leave them wanting more B) People are more likely to remember them when the presentation is over C) Few points take less time to develop and present D) Four or five key points allows the presenter to present "chunks" of related information E) Fewer key points allow the audience to find patterns in the information