All of the following are included in the acquisition cost of property, plant, and equipment except:
a. transportation costs
b. taxes on the purchase
c. installation costs
d. maintenance costs
d
You might also like to view...
Which form of group building gives teams or work groups an actual problem, has them work on solving it and commit to an action plan, and holds them accountable for carrying out the plan?
A. simulations B. action learning C. self-directed learning D. virtual reality E. business games
If liabilities total $70,000 and stockholders' equity totals $50,000, then total assets must be:
a. $20,000. b. $80,000. c. $120,000. d. $30,000. e. $30,000.
A diverse workforce inhibits organizational flexibility because the organization's culture cannot tolerate different styles and approaches.
Answer the following statement true (T) or false (F)
Indicate whether each of the following statements about equity is true or false. ________ a) Expenses decrease retained earnings.________ b) Stockholders' equity and liabilities can be viewed either as sources of assets or claims to assets of the business.________ c) Retained earnings is increased by loans received from a bank.________ d) Dividends paid to stockholders decrease common stock.________ e) Generally, assets are reported at the actual price paid for them when purchased regardless of subsequent changes in market value.
What will be an ideal response?