Using different depreciation methods for book purposes versus tax purposes for the same asset is
a. not allowed since the amount can only be calculated one way or the other, not both.
b. the direct result of the differing goals of financial and tax accounting.
c. contrary to GAAP.
d. against the Internal Revenue Code, and as such, against the law.
b
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Rights represented by a stock certificate or a promissory note are examples of intangible property
Indicate whether the statement is true or false
Answer the following statements true (T) or false (F)
1. The out-of-pocket cost of common stock is a good approximation of the cost of common stock equity. 2. The discount rate that equates a future stream of expected dividends to the current price is a good approximation of the cost of common stock. 3. Ke represents an expected return to stockholders as well as a cost to the firm. 4. The cost of retained earnings is considered to be equal to the required rate of return on a firm's outstanding common stock. 5. Retained earnings represent an internal source of funds that is raised without the payment of interest or cost to the firm's stockholders.
The _________ is federal legislation passed in 2002 that sets higher ethical standards for public corporations and accounting firms
A. Javits-Wagner-O'Day Act B. Sarbanes-Oxley Act C. Gold Standard Act D. Class Action Fairness Act Fill in the blank(s) with correct word
Procter and Gamble manufactures hair care products such as Pantene, toothpaste and oral health products such as Crest, batteries, Cover Girl cosmetics, laundry and dish detergent, paper products like Bounty and Puffs, and a host of other products. The collection of all of these products is known as Procter and Gamble's:
A) ?product line. B) ?product mix. C) ?marketing mix. D) ?marketing strategy. E) ?target market.