All valid agency relationships are contracts
a. True
b. False
Indicate whether the statement is true or false
False
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If Paulson Transport continues to use the ship in its eleventh year, what is the correct accounting procedure?
a. Take the asset off the books and record a gain on the disposal b. Continue to depreciate it c. The company may not use it any longer d. No longer depreciate it but leave it on the records at its book value at the end of its useful life
Which of the following is an advantage of using television as an advertising medium?
A) high attention and reach B) low absolute cost C) absence of clutter D) long duration of ad exposure E) high audience selectivity
If financial leverage is used, a rise in EBIT will cause a lessor rise in net income
Indicate whether the statement is true or false
The days' payable shows how long, on average, a company takes to pay its accounts payable
Indicate whether the statement is true or false