Which of the following is an example of a noncash item reported in the income statement of a firm?
A. Taxes
B. Dividends
C. Interest
D. Depreciation
E. Net sales
Answer: D
You might also like to view...
On July 1 . Toucan Corporation, a calendar-year company, received a condemnation award of $150,000 as compensation for the forced sale of a plant located on company property that stood in the path of a new highway. On this date, the plant building had a depreciated cost of $75,000 and the land cost was $25,000 . On October 1 . Toucan purchased a parcel of land for a new plant site at a cost of
$62,500 . Ignoring income taxes, Toucan should report in its income statement for the year ended December 31 a gain of a. $0. b. $12,500. c. $37,500. d. $50,000.
The actual proposal section of a proposal must ________
A) describe the credentials and expertise of the project leaders. B) identify the resources you will use, including computer facilities. C) tell what you propose to do and how it will benefit the reader. D) do all of these.
Describe the difference between temporary and permanent accounts, and state which ones are closed.
What will be an ideal response?
A social audit is a
A. review of the costs of operating a social program. B. report of what a business has done and is doing about social issues. C. review of a tax statement by the Internal Revenue Service. D. review of management's social activity for the year. E. report filed by social sector accountants.