In a contract to sell necessaries to a minor, these goods and services are limited to medical care, food, and shelter
Indicate whether the statement is true or false
False
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Even if there are both appropriated and unappropriated retained earnings, the balances are combined when preparing the statement of retained earnings
a. True b. False Indicate whether the statement is true or false
Maxa Marina exchanged a boat with a cost of $80,000 (now 75% depreciated) and fair value of $25,000 for another boat with a current fair value of $27,000. No cash was paid or received. The new boat will perform the same function as the old boat, but cash flows are expected to last for 5 years longer with the new boat. At what value should Maxa record the new boat?
A) $27,000 B) $25,000 C) $20,000 D) $2,000
How is Income from Operations determined?
a. Net Sales ? Cost of Goods Sold ? Selling Expenses ? Administrative Expenses b. Gross Profit ? Cost of Goods Sold + Selling Expenses c. Gross Profit + Cost of Goods Sold d. Net Sales ? Selling Expenses ? Administrative Expenses
Answer the following statement(s) true (T) or false (F)
1. Video accentuates facial cues. 2. The asynchronous online speaker has real interaction with the audience. 3. Speakers in both face-to-face and digital environments may enhance their presentations with presentation aids such as PowerPoint. 4. If you are seated, you should gesture sparingly.