If an automobile is purchased for 100 percent use in the taxpayer's business, the annual automobile depreciation limitations do not apply
a. True
b. False
Indicate whether the statement is true or false
False
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If $475,000 of bonds payable are sold at 101, $475,000 would be reported in the cash flows from financing activitiessection of the statement of cash flows
a. True b. False Indicate whether the statement is true or false
Which of the following is true for customer relationship marketing?
A) Competitors can often hack into CRM systems. B) Building and maintaining a customer database requires a large investment. C) It is very difficult to find and train database employees. D) Long-term results of such systems are still unproven. E) Focusing too much on databases separates a company from its customers.
The primary advantage of establishing cost pools is reducing the number of individual cost allocations that are made.
Answer the following statement true (T) or false (F)
A company had net income of $40,000, net sales of $300,000, and average total assets of $200,000. Its profit margin and total asset turnover were respectively:
A. 13.3%; 0.2. B. 13.3%; 1.5. C. 1.5%; 0.2. D. 2.0%; 1.5. E. 1.5%; 13.3.