On a statement of owner's equity, beginning capital is $152,000, Drawing for the year is $65,000, and the ending capital is $191,000. What is the amount of Net Income for the year?
A. $ 26,000
B. $ 87,000
C. $104,000
D. $126,000
Answer: C
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Briefly describe a process that accountants can use to assist clients in moving from one QuickBooks Desktop version to the new version with minimal disruption to accountant and client business processes.
What will be an ideal response?
Answer the following statements true (T) or false (F)
1. The work breakdown structure identifies the individual work packages necessary to accomplish the project. 2. The time-phased budget enables the project team to determine when budgeted money is likely to be spent on completion of tasks. 3. The project’s baseline is the standard against which we compare project performance, project cost, and project schedule. 4. Unlike the standard S-curve evaluation, the EVM variance is meaningful because it is based not simply on the budget spent but on value earned. 5. The work breakdown structure identifies the human and material resources assigned to the project.
Vertical analysis of comparative financial statements includes the
A) development of common-size statements. B) calculation of dollar amount changes and percentage changes from the previous to the current year. C) use of an index number. D) All of these choices.
Which of the following is true of the rights-based tradition while approaching an ethical issue in marketing?
A. It attempts to find out about other values that are affected by an exchange. B. It asks to what degree the participants are respected as free and autonomous agents rather than treated simply as means to the end of making a sale. C. It focuses on knowing the degree to which a transaction provided actual as opposed to merely apparent benefits for each participant. D. It focuses on the benefits and costs of each exchange.