On a common-size income statement, net income should be stated as a percentage of:
A) net income.
B) sales revenue.
C) gross profit.
D) total assets.
B
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The quantity of merchandise has a bigger impact on profitability than allocation decisions.
Answer the following statement true (T) or false (F)
An 8-K is filed with the SEC when:
a. a client fails to pay its audit fees. b. there has been a change of auditors for the company. c. there has been a change of attorneys for the company. d. All of the choices are true regarding form 8-Ks.
BidSystems has several contracts with the federal government. Therefore, it is required to take steps to maintain a drug-free work environment.
Answer the following statement true (T) or false (F)
Unidentified members of a certain class may sue for negligent malpractice in states that follow the __________ rule
A) contact B) known user. C) unidentified user D) foreseeable user