Referring to the accompanying figure, the system shown supports ____ transactions.
A. B2B
B. B2C
C. both a. and b.
D. neither a. nor b.
Answer: C
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Deacon Company purchased equipment last year for $30,000 . The equipment has an estimated useful life of five years. What amount will appear on the income statement for depreciation expense for the month of March 2014?
a. $0 b. $500 c. $6,000 d. $30,000
A Special Revenue Fund may not have a positive Unassigned Fund Balance.
Answer the following statement true (T) or false (F)
Income Statement
Molson Coors Inc. Years 1 & 2 ($000s) Year 1 Year 2 Revenues 2,429,462 3,776,322 COGS 1,537,623 2,414,530 Depreciation 121,091 230,299 SG&A 619,143 833,208 EBIT 151,605 298,285 Interest Expense -14,403 49,732 Other income 32,005 8,047 Pre-Tax Income 198,013 256,600 Income Tax 75,049 94,947 Net Income 122,964 161,653 Shares outstanding 36,902 36,140 Earnings per share $3.33 $4.47 Dividends per common share $0.80 $0.82 Referring to the Molson Coors financial statements, what is the most important determinant of the change in ROE? A) ROA B) Profit Margin C) Total Asset Turnover D) The change in leverage
Which of the following is not an example of a use restriction?
A)?Commercial buildings only B)?Single family dwellings only C)?Apartment complexes only D)?a, b and c are all use restrictions