Which step of the DATA process involves collecting and organizing the data used to determine results
a. Define.
b. Assess.
c. Track.
d. Adjust.
e. None of these
d. Adjust
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The Shane Company began business early in 2016, when Shane paid an initial fee of $100,000 to purchase a franchise. In forming the company, Shane also spent $11,000 on legal fees and $4,500 on accounting fees. During the year, Shane spent $7,500 on product development and paid $10,000 in continuing franchise fees. What amount should Shane capitalize for intangible assets in 2016?
A) $100,000 B) $115,500 C) $123,000 D) $133,000
Gains and losses must be removed from __________ and shown in the __________ of the statement of cash flows
a. the investing activities section; operating activities section b. net income; investing activities section c. the financing activities section; operating activities section d. net income; financing activities section
Under the dimensions of observation, what is meant by Time?
a. the things people are trying to accomplish b. the sequencing that takes place over time c. single actions that people do d. a set of related activities that people carry out
What would not be a critical item on the P&L?
a. Cost of goods b. Operating profit margin c. Sales growth d. Inventory