Under the Americans with Disabilities Act, rehabilitated drug and alcohol abusers are protected, but current drug abusers may be fired.

Answer the following statement true (T) or false (F)


True

Business

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How is income from operations determined?

a. By subtracting the total operating expenses from gross profit. b. By subtracting the total operating expenses from sales c. By subtracting the cost of goods sold from sales. d. By subtracting selling expenses from operating revenues

Business

Development costs related to computer software that is to be sold, leased, or otherwise marketed should be accounted for in which of the following ways?

A) ?All software development costs incurred between the establishment of technological feasibility and general release should be recorded as R&D expense. B) ?All software development costs incurred between the establishment of technological feasibility and general release should be capitalized. C) ?All software development costs should be capitalized until technological feasibility is established. D) All software development costs should be recorded in R&D expense until the product is available for general release to customers.

Business

When a company receives a dividend payment on investments in equity securities with no significant influence, the ________.

A) total assets will remain unaffected B) long-term assets will decrease C) total equity will increase D) total liabilities will decrease

Business

Which of the following statements is not true?

a. The depreciation method and the period of time selected to depreciate an asset can have a significant influence on income. b. There are many depreciation methods. c. The depreciation methods that recognize a large amount of depreciation in the later years of an asset's life are conservative. d. The straight-line depreciation method recognizes depreciation in equal amounts over each year of the life of the asset. e. There is sometimes a material difference in the lives used for depreciation between firms.

Business