A surety is primarily liable for the debt of a principal
Indicate whether the statement is true or false
True
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Wexford Co purchased a new delivery truck at the beginning of 2016 . The truck has a cost of $37,000, an estimated life of 5 years, and an estimated residual value of $7,000 . A full year's depreciation expense is to be recorded in 2016 . The truck was driven 20,000 miles during 2016 and 24,000 miles during 2017 . The number of expected miles over five years is 100,000. Refer to information about
Wexford Co Wexford Co wants to use the depreciation method that will result in the highest depreciation expense for 2016 . Which method should be used? a. straight-line b. units-of-production c. double-declining-balance d. all methods create the same income in 2016
Variable costs as a percentage of sales for Lemon Inc are 80%, current sales are $600,000, and fixed costs are $130,000. How much will operating income change if sales increase by $40,000?
A) $8,000 increase B) $8,000 decrease C) $30,000 decrease D) $30,000 increase
Answer the following statements true (T) or false (F)
Previous accounting standards have used a revenue-expense approach to pension accounting, which emphasizes the recognition and measurement of annual pension cost.
A trademark is only issued if the registrant proves he has used the mark in commerce
Indicate whether the statement is true or false