Firm ABC had operating profits of $100,000, taxes of $17,000, interest expense of $34,000, and preferred dividends of $5,000. What was the firm's net profit after taxes?
A) $66,000
B) $49,000
C) $44,000
D) $83,000
B) $49,000
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Which of the following statements is false?
a. A balance sheet reports a company's cash balance at a specific date. b. An income statement reports the amounts of revenue and expense on an accrual basis, not the amount of cash received from revenues or paid for expenses. c. A statement of retained earnings reports the amount of cash received from operating activities and the amount of cash paid for dividends. d. A statement of cash flows explains the changes in cash from operating, investing, and financing activities.
You should vary your verb __________ to reflect the varying timing of events in your writing
a. base b. object c. tense d. action
For an automotive repair shop, the wages of mechanics would be classified as direct labor cost
Indicate whether the statement is true or false
Organizations that are known for excellent service make use of hard measures rather than soft measures
Indicate whether the statement is true or false