If a new asset is being considered as a replacement for an old asset, the relevant cash flows would be found by adding the operating cash flows from the old asset to the operating cash flows from the new asset
Indicate whether the statement is true or false
FALSE
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Autumn Services, Inc. acquired 140,000 shares of Spring Metals, Inc. on January 1, 2018. Spring declares a cash dividend of $3.00 per share on February 15, 2019 and pays the cash dividend on March 2, 2019. With the current investment, Autumn Services, Inc. holds 8% of Spring's voting stock. Which of the following will be the correct journal entry for the day when the dividend payment is made (March 2, 2019)?
In a process costing system, the amount of total costs to be accounted for is made up of direct materials and conversion costs incurred during the current period plus those costs included in the beginning Work in Process Inventory account
Indicate whether the statement is true or false
Net income divided by net sales is the:
A. Profit margin. B. Total asset turnover. C. Current ratio. D. Return on total assets. E. Days' sales in inventory.
The assignment of direct labor cost to individual jobs is based on:
A. the actual time spent on each job multiplied by the wage rate. B. the estimated time spent on each job multiplied by the wage rate. C. an estimate of the total time spent on the job. D. estimated total payroll cost divided equally among all jobs in process. E. actual total payroll cost divided equally among all jobs in process.