In a common size income statement, each item on the income statement is expressed as a percentage of:
A. sales revenue.
B. gross profit.
C. total expenses.
D. net income.
Answer: A
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The total interest cost on forty-six (46), ten-year, 6 percent, $1,000 bonds that are issued at 98 is
A) $28,520. B) $26,680. C) $28,060. D) $27,600.
The ability to meet short-term obligations and to efficiently generate revenues is called:
A. Liquidity and efficiency. B. Creditworthiness. C. Profitability. D. Market prospects. E. Solvency.
Even if a party has the power to avoid a contract for lack of capacity, duress, or undue influence, the party will lose that power by affirming the contract
a. True b. False Indicate whether the statement is true or false
The Railway Labor Act was amended by the: A) ?National Industrial Recovery Act
B) Congress.? C) National Labor Relations Board.? D) Taft-Hartley Act.