Formal procedures for assessing the reliability and validity of clustering are simple and should be undertaken
Indicate whether the statement is true or false
FALSE
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Central Investments bought 4,000 shares of Benet Company common stock on January 1, 2018, for $20,000, and 4,000 shares of Roy Company common on July 1, 2018, for $24,000. Benet declared dividends on December 31, 2018 of $3,000. At the end of 2018, the fair value of Roy was $30,000 and the fair value of Benet was $28,000. At the end of 2019, the fair value of Roy was $32,000 and the fair value of Benet was $24,000. These investments are reported in the long-term asset section of Central's balance sheet. Central owns 8% of Benet Company and 12% of Roy Company.How much income was reported on the 2018 income statement?
A. $14,240 B. $0 C. $14,000 D. $240
________ are free to download, but appear as ads on the screen; they generate revenue while users interact with the app.
A. In-app purchases B. Paid apps with in-app purchases C. Paid apps D. Freemium apps E. Ad-supported apps
If the estimate of the trend component is 158.2, the estimate of the seasonal component is 94%, the estimate of the cyclical component is 105%, and the estimate of the irregular component is 98%, then the multiplicative model will produce a forecast of
a. 1.53 b. 1.53% c. 153.02 d. 153,020,532
Answer the following statements true (T) or false (F)
1. Annie's Antique Shoppe would most likely use the LIFO method of accounting for inventory. 2. Grocery stores are required to use the FIFO method because they sell the oldest stock first to avoid spoilage. 3. Under LIFO, the Ending Inventory represents the latest costs incurred to purchase inventory 4. Under FIFO, the Cost of Goods Sold represents the earliest costs incurred to purchase inventory. 5. S&C Feed-n-More ordered 3 cases of cat food on February 5, 4 cases on February 15, then sold 2 cases on February 18. These transactions created 2 inventory layers.