If land costing $145,000 was sold for $205,000, the $60,000 gain on the sale would be added to net income in of the operating activities section of the statement of cash flows (prepared by the indirect method)
Indicate whether the statement is true or false
False
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Farris Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price$120? Units in beginning inventory 0Units produced 9050?Units sold 8650?Units in ending inventory 400? Variable costs per unit: Direct materials$20?Direct labor$62?Variable manufacturing overhead$8?Variable selling and administrative expense$12?Fixed costs: Fixed manufacturing overhead$135,750?Fixed selling and administrative expense$9000?What is the net operating income for the month under variable costing?
A. $16,950 B. $6000 C. $(25,050) D. $10,950
In order to obtain desired results, one sales training program should be used for everyone so that consistency is promoted among the sales staff.
Answer the following statement true (T) or false (F)
Based on the information in Table 4-2, the debt ratio is
A) 28.12%. B) 42.03%. C) 45.69%. D) 34.74%.
Retirement plans, such as a 401(k), allow employees to defer taxes on the plan contributions until such time as the funds are withdrawn from the retirement plan
Indicate whether the statement is true or false.