A direct financing capital lease results in a manufacturers or dealers profit or loss and meets one or more of the capitalization criteria and both of the recognition criteria
Indicate whether the statement is true or false
False
Business
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If net income is $250,000 and interest expense is $20,000 for Year 2, and the market price of common shares is $30, what is the price-earnings ratio on common stock for Year 2? (Round intermediate calculation to two decimal places and final answers to one decimal place.)
a. 7.5 b. 13.4 c. 12.1 d. 8.5
Business
When the goods are sold, their costs are transferred from Work in Process to Finished Goods
Indicate whether the statement is true or false
Business
A digest is an index to statutes
a. True b. False
Business
Contribution margin lost from a decline in sales is an opportunity cost.
Answer the following statement true (T) or false (F)
Business