Accounting for capital leases can be thought of as similar to accounting for mortgage payments
Indicate whether the statement is true or false
True
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Daniel Corporation had net income for 2018 of $75,000. Daniel had 6000 shares of common stock outstanding at the beginning of the year and 22,000 shares of common stock outstanding at the end of the year. There were 8000 shares of preferred stock outstanding all year. During 2018, Daniel declared and paid preferred dividends of $26,000. On December 31, 2018, the market price of Daniel's common stock is $45 per share and the market price of its preferred stock is $73 per share. What is Daniel's price/earnings ratio at December 31, 2018? (Round any intermediate calculations and your final answer to the nearest
A) 12.86 B) 20.86 C) 13.20 D) 13.63
Use the information Table J.18 and sequence the jobs using the SPT rule. What is the average past due?
A) fewer than or equal to 29 hours B) greater than 29 hours but fewer than or equal to 31 hours C) greater than 31 hours but fewer than or equal to 33 hours D) greater than 33 hours
Who may bring an action for relief under consumer protection legislation?
A) the Federal Trade Commission B) a state attorney general C) the consumer D) all of these
Outline the classification of principal and income under the Revised Uniform Principal and Income Act.
What will be an ideal response?