When a release of hazardous chemicals from a site occurs, potentially responsible parties can avoid liability through transfer of ownership
Indicate whether the statement is true or false
F
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When a company exchanges machinery and receives a trade-in allowance less than the book value, this transactionwould be recorded with which of the following entry?
a. debit Cash and Machinery; credit Accumulated Depreciation and Machinery b. debit Machinery, Accumulated Depreciation, and Loss on Exchange of Machinery; credit Machinery andCash c. debit Cash and Machinery; credit Accumulated Depreciation d. debit Machinery and Accumulated Depreciation; credit Machinery and Cash
Which of the following is the first step in the four-step process of setting the right price of a product?
A. Estimate demand, costs, and profits. B. Establish pricing goals. C. Choose a price strategy to help determine a base price. D. Fine-tune the base price with pricing tactics.
A conglomerate corporation must make retrospective adjustments to account for a material change in reporting entity every year that it adds a new subsidiary or sells off a formerly owned subsidiary
Indicate whether the statement is true or false
Which of the following ratios usually reflects investor's opinions of the future prospects for the firm?
a. Earnings per share b. Dividend yield c. Price/earnings ratio d. Book value per share