Electronic devices that are used for the input of data into a computer can never be used also for the storage of data
Indicate whether the statement is true or false.
F
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Which of the following is a correct statement regarding the Cash Shortage account?
A. It is reported as a miscellaneous revenue. B. It is reported on the balance sheet. C. The account normally has a credit balance. D. If the recorded cash exceeds the cash counted, a shortage exists.
The National Pollutant Discharge Elimination System may require that discharge permits be obtained from:
a. the EPA. b. the Army Corps of Engineers. c. an individual state. d. Any of these.
Which of the following is a characteristic of limited liability companies (LLCs)?
A. They are made to pay an annual franchise tax in many states. B. They are subject to double taxation. C. They do not allow foreign investors to serve as owners. D. They are required to produce a larger amount of paperwork than corporations.
In the DuPont system of analysis, the return on total assets (asset) is equal to ________
A) (return on equity) × (financial leverage multiplier) B) (return on equity) × (total asset turnover) C) (net profit margin) × (fixed asset turnover) D) (net profit margin) × (total asset turnover)