An abstract is longer than a summary
Indicate whether the statement is true or false
False
You might also like to view...
Costs such as salary of supervisors and other support personnel, which are accounted for as overhead costs, are called
a. direct labor. b. sales assistance. c. indirect labor. d. variable labor.
While answering a complaint, a defendant cannot assert affirmative defenses
Indicate whether the statement is true or false
Kilduff Corporation's balance sheet and income statement appear below:Comparative Balance Sheet Ending BalanceBeginning BalanceAssets: Cash and cash equivalents$36 $38 Accounts receivable 36 32 Inventory 49 55 Property, plant and equipment 707 580 Less accumulated depreciation 316 315 Total assets$ 512 $ 390 Liabilities and stockholders' equity: Accounts payable$71 $64 Accrued liabilities 22 19 Income taxes payable 34 41 Bonds payable 71 100 Common stock 32 30 Retained earnings 282 136 Total liabilities and stockholders' equity$ 512 $ 390 Income StatementSales$ 1,174Cost of goods sold 771Gross margin403Selling and administrative expense 146Net operating income257Gain on sale of plant and equipment
14Income before taxes271Income taxes 81Net income$ 190The company sold equipment for $19 that was originally purchased for $10 and that had accumulated depreciation of $5. The company paid a cash dividend of $44 and it did not issue any bonds payable or repurchase any of its own common stock.The net cash provided by (used in) financing activities for the year was: A. $2 B. $(44) C. $(71) D. $(29)
All of the following statements about the online real estate services market are true except:
A. the first step in the home buying process for nearly all ages of home buyers is to look online. B. the major impact of Internet real estate sites has been in influencing offline decisions. C. the primary service offered by real estate sites is a listing of houses available. D. the Internet and e-commerce have created a revolution in the real estate value chain.