Under both U.S. GAAP and IFRS, the firm must immediately expense all expenditures on _____
a. research
b. development
c. nonfinancial assets
d. financial assets
e. intangible assets
A
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Which is FALSE concerning the positioning of a letter?
a. Short letters of one or two paragraphs are centered on the page. b. Longer letters begin 2 inches from the top of the page. c. Side margins may be adjusted to improve appearance. d. All of the above are true.
Answer the following statement(s) true (T) or false (F)
In a management structure, there is a need for clearly defined authority and responsibility.
Gabbe Industries is a division of a major corporation. Last year the division had total sales of $8,910,000, net operating income of $962,280, and average operating assets of $3,000,000. The company's minimum required rate of return is 10%.Required:a. What is the division's margin?b. What is the division's turnover?c. What is the division's return on investment (ROI)?
What will be an ideal response?
Public utilities, like electricity and water, are examples of quasi-public corporations.
Answer the following statement true (T) or false (F)