Gains on the sale of plant and equipment should be subtracted from net income when computing cash from operating activities

a. True
b. False
Indicate whether the statement is true or false


True

Business

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Financial accountability and social responsibility marketing are elements of ________

A) performance marketing B) relationship marketing C) internal marketing D) social marketing E) mass marketing

Business

A clear statement of the topic to be studied involves which stage of the marketing research process?

a. recommendations b. issue (problem) definition c. secondary data collection d. implementation

Business

Salt Lake Glassware Company issues $1,121,000 of its 12%, 10-year bonds at 99 on February 28, 2017

The bonds pay interest on February 28 and August 31. Assume that Salt Lake uses the straight-line method for amortization. The journal entry to record the first interest payment on August 31, 2017 includes a ________. A) debit to Cash for $67,260 B) debit to Interest Expense for $67,821 C) debit to Interest Expense for $66,699 D) debit to Discount on Bonds Payable for $561

Business

On June 1, 2018, Ellen turned 65. Ellen has been a widow for five years and has no dependents. Her standard deduction is

A. $13,600. B. $24,000. C. $12,000. D. $25,300.

Business