Earned surplus would include undistributed net profits, income, gains and losses from the date of incorporation
Indicate whether the statement is true or false
True
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A major advantage of the Census of Population for use by retailers in trading-area analysis is _____
a. the small size of census tracts and blocks b. its timeliness c. its projections of population, retail sales, and income d. its economic base analysis
Which of the following accounts is not included in the liability section of the balance sheet?
A. Notes payable. B. Wages payable. C. Accounts payable. D. Taxes payable. E. Accounts receivable.
The pool rate is defined as the cost per unit of the cost driver for a particular activity cost pool.
Answer the following statement true (T) or false (F)
Which of the following statements regarding an individual's net worth is true?
A. It is the sum of an individual's current assets and his or her current liabilities. B. It is the sum of an individual's take-home pay and his or her payroll taxes. C. It is the difference between an individual's current assets and his or her current liabilities. D. It is the difference between an individual's monthly income and his or her expenses. E. It is the difference between an individual's total assets and his or her total liabilities.