Computer programs are intellectual property
Indicate whether the statement is true or false
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Which one of the following would not be included in a closing entry?
A. A credit to Rent Expense B. A debit to Service Revenue C. A debit to Unearned Revenue D. A credit to Dividends
A loss due to a discontinued operation should be reported on the income statement
a. above income from continuing operations b. without related tax effect c. below income from continuing operations d. as an operating expense
The 2014 income statement of Deal Mart shows operating revenues of $130,800, selling expenses of $37,100, general and administrative expenses of $34,900, interest expense of $900, and income tax expense of $11,430 . Deal Mart's stockholders' equity was $280,000 at the beginning of the year and $320,000 at the end of the year. The company has 20,000 shares of stock outstanding at December 31,
2014.Read the information about Deal Mart. What is Deal Mart's profit margin (to the closest tenth of a percent)? a. 2.8 b. 35.5 c. 61.2 d. 14.5
Why is process value analysis not part of the general ledger accounting system?