Jimmy stole Dave's motorcycle and completely revamped the engine and changed the body. These accessions were very expensive, but Jimmy was completely satisfied with the results, intending to sell the motorcycle for a huge profit. If the motorcycle is recovered from Jimmy, Dave must pay Jimmy for the improvements
a. True
b. False
Indicate whether the statement is true or false
False
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The accounts and balances shown below were gathered from Primer Corporation's trial balance on December 31 . 2014 . All adjusting entries have been made. Wages Payable ........................................... $ 25,600 Cash .................................................... 17,700 Mortgage Payable ........................................ 151,600 Dividends Payable
....................................... 14,000 Prepaid Rent ............................................ 13,600 Inventory ............................................... 81,800 Sinking Fund Assets ..................................... 52,400 Short-Term Investments .................................. 15,200 Premium on Bonds Payable ................................ 4,600 Stock Investment in Subsidiary .......................... 102,400 Taxes Payable ........................................... 22,800 Accounts Payable ........................................ 24,800 Accounts Receivable ..................................... 36,600 The amount that should be reported as current assets on Primer Corporation's balance sheet is a. $151,300. b. $164,900. c. $217,300. d. $267,300.
Which of the following is/are true regarding the fair value option for marketable securities and derivatives?
a. Subsequent to the acquisition of a derivative, the firm may report changes in fair value of derivatives in Other Comprehensive Income. b. Subsequent to the acquisition of a derivative, the firm may report changes in fair value of derivatives, but they have no effect on any lines of the statement of cash flows. c. Firms using the fair value option mark the carrying value of the asset to fair value each period. d. If the change in fair value of the derivative decreases carrying value, then the firm reports the amount of that decrease as a loss during the current period. e. all of the above
The local health-food store knows that many people might be interested in its products but has decided to aim all of its marketing activities at females under the age of 35. This store is utilizing the:
a. total market approach b. marketing concept c. multisegment approach d. market niche approach e. concentration approach
According to the signaling theory to explain differences in firms' capital structures, an announcement of a new stock issue by a mature, seasoned firm that has numerous financing alternatives generally is seen as a signal that the its future prospects are very positive.
Answer the following statement true (T) or false (F)