States do not have trademark statutes
Indicate whether the statement is true or false
F
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The accountant for Walter Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available: Retained earnings balance at the beginning of the year$127,000?Cash dividends declared for the year 47,000?Proceeds from the sale of equipment 82,000?Gain on the sale of equipment 7200?Cash dividends payable at the beginning of the year 19,000?Cash dividends payable at the end of the year 21,200?Net income for the year 93,000?The amount of cash dividends paid during the year would be:
A. $278,000. B. $44,800. C. $176,000. D. $250,000. E. $255,800.
Triblaze Corp. is considering buying a new truck. The cost of the truck is $62,000 and the expected cash flows for the next 3 years due to savings from the new truck are $19,920, $22,800, and $31,280. The net present value (NPV) of the truck is ____ if the company's required rate of return is 10%.
A. $5,600 B. $(2,200.75) C. $30,000 D. $(1,546.81) E. $2,500
Samuel Tate enters into a contract with Bill Smith. Under the terms of this contract, Smith is to pay Tate $7,000 and Tate is to build a garage, repair a boat, and build a doghouse. If the doghouse has not yet been built, this is an example of a(n):
a. quasi contract. b. illusory contract. c. executory contract. d. executed contract.
William Corp. bonds have a current yield of 7% and mature in 10 years. Smith Corp. bonds have a
current yield of 5% and mature in 10 years. Given this information, which of the following statements is MOST correct? A) Smith Corp. bonds are riskier than William Corp. bonds. B) William Corp. bonds will have a higher yield to maturity than Smith Corp. bonds. C) Smith Corp. bonds will sell for a lower price than William Corp. bonds. D) If both bonds have the same yield to maturity, then the price of Smith Corp. bonds must be less than the price of William Corp. bonds.