The IASB is a branch of the FASB
a. True
b. False
Indicate whether the statement is true or false
False
Business
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If Crab Shack Company has a current ratio of 2.5 and current assets of $195,000, the amount of working capital is:
a. $117,000 b. $330,000 c. $380,000 d. $78,000
Business
An agent is a person who acts on behalf of another person, so all agents are, in effect, employees.
Answer the following statement true (T) or false (F)
Business
How many different types of responsibility centers exist?
a. 2 b. 5 c. 10 d. 3
Business
Interest expense is reported in the operating expense section of the income statement
Indicate whether the statement is true or false
Business