Intel microprocessors have been used in PCs since 1961
a. True
b. False
Indicate whether the statement is true or false
False
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Common shares outstanding are increased as a result of a stock dividend or stock split. For purposes of calculating the earnings per share, when is the stock dividend or stock split considered to have occurred?
A) at the beginning of the earliest comparative period for which earnings per share information is presented B) at the end of the earliest comparative period for which earnings per share information is presented C) at the beginning of the year declared D) as of the date of declaration
When low-cost depreciable assets with similar characteristics, service lives, and residual values are acquired, which depreciation method should be used?
A) composite depreciation B) impairment depreciation C) group depreciation D) such assets should not be depreciated
To ensure that the financial statements articulate, it is important that the change in the cash balance on the balance sheet each year agrees with
a. the cash collections from sales in the projected income statement. b. the cash provided by or used by operations on the projected statement of cash flows. c. the net change in cash on the projected statement of cash flows. d. the net change in working capital from period to period.
Whenever the property of one party is placed in the control of another, a(n) ________ relationship exists between the two
A) intermediary B) beneficiary C) judiciary D) fiduciary