When Vicky Tran prepared a personal income statement, the remainder or residual value is called
A. net asset total.
B. total assets.
C. total revenues.
D. retained earnings.
E. cash surplus.
Answer: E
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Which of the following should be reported net of the related income tax effect on the income statement?
a. Loss due to a discontinued segment of a business b. Sale of a temporary investment at a loss c. Loss due to shoplifting d. Sale of an inventory item at a loss
ROMI stands for ________
A) retail opportunity for marketing investment B) retail objective for marketing investment C) reach of marketing initiatives D) reliable opportunity for market integration E) return on marketing investment
Product costs are also referred to as inventoriable costs
Indicate whether the statement is true or false
Full truckload shipping (FTL) involves transportation ______.
a. of homogeneous goods b. that is exemplified by FedEx or UPS c. that is particularly suitable for liquids (oils, liquid chemicals, etc.) d. that is highly regulated