The Internet was started in the 1960s as a project to link military contractors and universities. The World Wide Web was created as a subnetwork of the Internet
a. True
b. False
Indicate whether the statement is true or false
True
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Mayflower Company had a machine with a cost of $123,000 and accumulated depreciation of $87,000 that was sold at for a gain of $5,000 . What amount of cash was received from the sale?
a. $30,000. b. $36,000. c. $41,000. d. $128,000.
________ analysis aids in showing the relative importance of each account to the company
a. Vertical b. Horizontal c. Cost–volume–profit d. Ratio
Which statement is NOT true about the second level of the inclusive workplace, inclusion and corporate-community collaborations?
a. The organization has a sense of being a part of its surrounding community and there is reciprocity that is embedded in this relationship. b. The organization sets as its priority the needs of consumers of its products and services. c. The organization reflects the mezzo system level perspective of organizations and communities. d. The organization recognizes the economic and noneconomic consequences of its presence in the community.
Mitchell Corporation's accounting records include the following items for the year ending December 31, 2017
Gain on Sale of Equipment $12,000 Gain on Discontinued Operations $75,000 Loss on Disposal of Equipment 5,000 Extraordinary Loss 15,000 Net Sales 650,000 Cost of Goods Sold 285,000 Operating Expenses 120,000 The income tax rate for the company is 45%. The company had 15,000 shares of common stock outstanding during 2017 and no preferred stock. Prepare Mitchell's income statement for the year ending December 31, 2017. Show how Mitchell reports EPS data on its 2017 income statement. What will be an ideal response