When the rate of return on total assets ratio is greater than the rate of return on common stockholders' equity ratio, the management of the company has effectively used leverage

a. True
b. False

Indicate whether the statement is true or false


False

Business

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The term used to refer to an asset's original cost is "historical cost."

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

Business

Often the researcher must cater to the needs of several audiences with different levels of technical sophistication and interest in the project. Such conflicting needs may be met by including different sections in the report for different readers

Under no circumstances should separate reports be written. Indicate whether the statement is true or false

Business

What is the accounting principle underlying the recognition of an estimated liability for warranties in the period of product sale?

a. Matching b. Materiality c. Full Disclosure d. Conservatism

Business

The approach which is based on the amount that currently would be required to replace an asset is called:

a. the cash flow approach. b. the income approach. c. the market approach. d. the cost approach.

Business