Under MACRS, the same method of depreciation (accelerated or straight-line) must be used for all property in a given class placed in service during a tax year
a. True
b. False
Indicate whether the statement is true or false
True
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A credit memorandum appeared on Central Company's bank statement. How will Central treat this amount on its bank reconciliation?
a. Add it to the bank balance b. Add it to the book balance c. Deduct from the bank balance d. Deduct from the book balance
Which of the following items is considered when computing the terminal cash flow for an expansion project?
A. Change in net working capital. B. Inflation during the project's life. C. Initial cash outlay of the project. D. Opportunity cost of the project. E. Sunk cost of the project.
The Siskiyou Manufacturing Company will collect an estimated $12,000,000 next year; and it will
receive an estimated 20,000 checks. Siskiyou's bank has offered to set up a lock-box system that will reduce float time by 4.5 days. The cost of the system will be $.15 per check. What is the minimum annual interest rate on its cash balance that Siskiyou should receive before it would be willing to adopt the lock-box system? A) 3.25% B) 1.07% C) 1.82% D) 2.03%
Anyone with the money can purchase shares of PepsiCo's stock. This makes PepsiCo a(n) ____ corporation.
A. closed B. open C. domestic D. foreign E. alien