A purchase order is not the basis for recording a purchase and a liability
a. True
b. False
Indicate whether the statement is true or false
True
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Opportunity costs arise when the choice of one course of action eliminates the possibility of another course of action
Indicate whether the statement is true or false
When computing earnings per share on common stock, dividends on cumulative, nonconvertible preferred stock should be
a. deducted from net income only if the dividends were declared or paid in the current period. b. deducted from net income regardless of whether the dividends were not paid or declared in the period. c. deducted from net income only if net income is greater than the dividends. d. ignored.
Economic value added (EVA) applies the target rate of return to the market value of the capital invested in a division
Indicate whether the statement is true or false
Hilton and Delta provide assistance to other international companies, an example of
A. contract manufacturing. B. a joint venture. C. a strategic alliance. D. a management contract.