Which of the following is the correct order of subtotals that appear on a multi-step income statement?
A) Operating income, Gross profit, Net income
B) Gross profit, Net sales revenue, Net income
C) Net income, Operating income, Net income
D) Gross profit, Operating income, Net income
D) Gross profit, Operating income, Net income
You might also like to view...
According to the Dodd-Frank Act, a bank merger can be stopped if the new bank would hold more than ________ percent of the nation's deposits.
A. 20 B. 15 C. 10 D. 5
Which of the following is true about revised U.S. patent laws?
A) Patents are valid for 17 years after the patent is granted. B) Patents are valid for 17 years after the patent is filed. C) Patents are valid for 20 years after the patent is granted. D) Patents are valid for 20 years after the filing date of the application. E) Patents are valid as long as the product is manufactured.
On January 1, 2016, Randolf Company signed a contract to have Rory Associates construct a manufacturing facility at a cost of $14,000,000. It was estimated that it would take three years to complete the project. Also on January 1, 2016, to finance the construction cost, Randolf borrowed $14,000,000 payable in seven annual installments of $2,000,000 plus interest at the rate of 9%. During 2016, Randolf made progress payments totaling $5,000,000 under the contract, and the average amount of accumulated expenditures was $3,000,000 for the year. The excess borrowed funds were invested in short-term securities, from which Randolf realized investment income of $330,000. What amount should Randolf report as capitalized interest at December 31, 2016?
A. $ 0 B. $ 270,000 C. $ 510,000 D. $1,260,000
Which of the following situations is associated with a binding constraint in the solution of the linear programming model?
a. A binding constraint always has no slack (slack = 0). b. A binding constraint always has slack (slack ? 0). c. A binding constraint sometimes has negative slack (slack ? 0). d. None of the above