Dividing the total stockholders' equity by the average number of shares outstanding at the end of the year (if only common stock is outstanding) is the calculation for
a. book value per share.
b. earnings per share.
c. return on equity.
d. the times interest earned ratio.
a
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Although a stapler that costs $15 is a long-term asset, can be expensed because the amount is immaterial and will not affect anyone's decision making
Indicate whether the statement is true or false
All of the following statements about patents are true except:
A. it is more difficult to obtain a copyright than it is to obtain a patent. B. the four types of inventions protected by patent law are machines, manmade products, compositions of matter, and processing methods. C. computer programs can be patented. D. in order to be patented, an invention must be nonobvious.
If a process under analysis is extensive and cuts across several departmental lines, it may benefit from forming a(n):
A) brainstorming team. B) benchmarking team. C) steering team. D) implementation team.
In a sale or return, title and risk of loss remain with the seller until the buyer accepts the goods.
Answer the following statement true (T) or false (F)