In a perpetual inventory system, multiple performance obligations ________.
A) represent one distinct performance obligation
B) may require the creation of an asset account, Unearned Revenue
C) result in revenue being recorded when the separate performance obligations are identified because there is a binding contact
D) require the company to allocate the transaction price to each performance obligation
D) require the company to allocate the transaction price to each performance obligation
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If a stock's price is $20 at the beginning of a year and $17 at the end of the year, and it pays a dividend of $2 during the year, then the stock's capital-gains yield is ____ percent.
A. ?15 B. ?5 C. 5 D. 15
On August 31 of the current year, the assets and liabilities of Gladstone, Inc. are as follows: Cash $27,900; Supplies, $900; Equipment, $8500; Accounts Payable, $7300. What is the amount of equity as of August 31 of the current year?
A. $13,000. B. $29,100. C. $11,200. D. $30,000. E. $28,200.
The normal curve gets closer and closer to the X-axis but never actually touches it
Indicate whether the statement is true or false
A company has net sales of $825,000 and cost of goods sold of $547,000. Its net income is $98,500. The company's gross margin and operating expenses, respectively, are:
A) $209,000 and $191,470 B) $278,000 and $179,500 C) $278,000 and $98,500 D) $179,500 and $98,500 E) $645,500 and $179,500