Expected useful life is
a. calculated when the asset is sold
b. estimated at the time that the asset is placed in service
c. determined each year that the depreciation calculation is made
d. none of these
b
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In terms of responding to a direct mail offer, a PURL offers the advantage of preloading all of the individual's personal data to the website
Indicate whether the statement is true or false
Wiley Hill opened Hill's Repairs on March 1 of the current year. During March, the following transactions occurred:1. Wiley invested $25,000 cash in the business in exchange for common stock. 2. Wiley contributed $100,000 of equipment to the business in exchange for common stock. 3. The company paid $2,000 cash to rent office space for the month of March. 4. The company received $16,000 cash for repair services provided during March. 5. The company paid $6,200 for salaries for the month of March. 6. The company provided $3,000 of services to customers on account. 7. The company paid cash of $500 for utilities for the month of March. 8. The company received $3,100 cash in advance from a customer for repair services to be provided in April. 9. The company paid $5,000 in cash
dividends. Based on this information, the total amount of stockholders' equity reported on the balance sheet at the end of March would be: A. $8,400. B. $13,500. C. $133,400. D. $130,300. E. $125,300.
When Maja, an attorney and a U.S. citizen, crosses the border between the United States and Canada, she expects the U.S. Department of Homeland Security to search her laptop. To avoid disclosing confidential client data during the search, Maja could
a. keep client files on a device that she does not take abroad. b. carry client files abroad only in hard copy. c. refuse to consent to a border search of her laptop. d. assert her right to be free from unwarranted government intrusion.
________ measures the percentage of profit earned on each sales dollar before interest and taxes but after all costs and expenses
A) Net profit margin B) Operating profit margin C) Gross profit margin D) Earnings available to common shareholders