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.
C
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The cost of capital is the cost a company bears to obtain external financing. A company's cost of capital is critical because it determines which long-term projects are profitable for the entity to undertake. The higher the cost to obtain funds, the
fewer the long-term projects are profitable for a company to pursue. Required: Explain the role of financial statements generally and the roles of the FASB, the AICPA, the SEC, and the IASB in lowering the cost of capital.
A handshake is an example of _____ communication
Fill in the blank(s) with correct word
Valley Spa purchased $10,900 in plumbing components from Tubman Co. Valley Spa Studios signed a 60-day, 6% promissory note for $10,900. If the note is dishonored, what is the amount due on the note? (Use 360 days a year.)
A. $11,150 B. $109 C. $11,009 D. $11,230 E. $10,900
Electronic sales contracts (e-sales contracts) and electronic lease contracts (e-lease contracts) are recognized under the laws of ________.
A. every state B. most states C. very few states D. no states to date