In computing the cost of retained earnings, the net proceeds represents the amount of money retained net of any underpricing and/or flotation costs
Indicate whether the statement is true or false
FALSE
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The use of customer statements as a control device will be effective only if the employees responsible for the custody of cash received through the mail, for record keeping, and for authorization of adjustments to customers' accounts are not allowed to prepare and mail statements to customers
a. True b. False Indicate whether the statement is true or false
The double-entry system
A) requires that each transaction be recorded with at least one debit and one credit. B) requires that the total amount of the debits must always equal the total amount of the credits. C) is based on the principle of duality. D) All of these choices.
When using data partitioning, the first subset, usually with about 70% to 80% of the records, is called the training data set.
Answer the following statement true (T) or false (F)
What is the interest tax shield?
A) The tax increase to deter companies from using too much debt B) The amount by which taxes are reduced due to interest tax deductibility C) The tax benefit given to companies for buying bonds D) The benefit from not reporting interest income E) The decrease in taxes paid on interest earned by the firm on its cash reserves