To capitalize an expenditure is to:
A. Credit an asset account.
B. Credit the owner's capital account.
C. Debit an asset account.
D. Credit an expense account.
E. Debit an expense account.
Answer: C
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Which one of the following statements about work measurement is TRUE?
A) Work sampling is a technique to determine the proportion of time spent on different activities. B) In determining the normal time for the cycle, using a rating factor less than one (1.0 ) will increase the total time allowed for a job to be performed, relative to the select time. C) Machine standards are more difficult to develop than labor standards. D) The time study method is most appropriate for non-repetitive jobs in which the nature of the task differs each time.
Through agreement, parties to a contract may treat as fixtures those things that would normally be classified as personal property
Indicate whether the statement is true or false
Companies that are exposed to the business cycle:
A. tend to have low market risk. B. are safe investments. C. tend to have high market risk. D. have negligible specific risk.
Convertible preferred stock is usually less risky to investors than the firm's convertible bonds
Indicate whether the statement is true or false