The income statement:
a. subtracts the cost of goods sold from the total revenue to get net income
b. subtracts the operating expenses from the total revenue to get net income
c. subtracts the cost of goods sold and operating expenses from the total revenue to get net income
d. reports all income with no adjustment for cost of goods sold or operating expenses
Ans: C
c. subtracts the cost of goods sold and operating expenses from the total revenue to get net income
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Describe Section 2 of the Sherman Act.
What will be an ideal response?
One of the four general criteria for a capital lease is that the present value at the beginning of the lease term of the minimum lease payments equals or exceeds
a. the property's fair market value. b. 90 percent of the property's fair market value. c. 75 percent of the property's fair market value. d. 50 percent of the property's fair market value.
Your staff has worked hard to successfully complete a project for a large advertising client. Which of the following is the BEST way for you to express thanks to the staff?
a. Thank them at the staff meeting next month. b. Post a note on the company intranet. c. Ask your administrative assistant to post a note in the lunchroom. d. Send an email immediately to all staff.
Which of the following countries has the lowest union density rate?
A. United Kingdom B. United States C. Canada D. Sweden