The accounting rate of return uses cash flow
Indicate whether the statement is true or false
TRUE
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[The following information applies to the questions displayed below.]On January 1, Year 1, Vanguard Company purchased a copyright for $12,000. Vanguard estimated the remaining useful life of the copyright to be 6 years. Which of the following correctly shows the effect of the first year's amortization of Vanguard's copyright? Assets=Liab.+EquityRev.?Exp.=Net Inc.Stmt of Cash FlowsA.+ NA +NA + ?+OA B.? NA ?NA + ?NAC.NA + ?? NA ?NAD.? NA ?NA + ??OA
A. Option A B. Option B C. Option C D. Option D
You borrowed $500 from the bank, agreeing to repay the money in five equal installments on the 15th of each month. Without your permission, the bank changed the payment date to the 14th. The contract is
a. discharged by alteration. b. still valid. c. discharged by rescission. d. discharged by agreement
A market maker brings together buyers and sellers in an auction market
Indicate whether the statement is true or false.
A "serious" OSHA violation is defined as one that poses a threat to life or could cause serious injury
Indicate whether the statement is true or false