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arlik [135]
3 years ago
6

During the first year of operations, a company granted warranties on its products at an estimated cost of $8,500. The product wa

rranty expense should be recorded in the years of the expenditures to repair the products covered by the warranty payments.
True or False
Business
1 answer:
NikAS [45]3 years ago
4 0

During the first year of operations, a company granted warranties on its products at an estimated cost of $8,500. The product warranty expense should be recorded in the years of the expenditures to repair the products covered by the warranty payments.

True or False

the answer is false

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Explain what is meant by the present value of an ordinary annuity. Choose the correct answer below. A. It is the value of any si
likoan [24]

Answer:

<u>Letter D is correct.</u>  It is the value of the unpaid balance on an annuity at the specified point in time.

Explanation:

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3 years ago
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Marta_Voda [28]

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Expenses

Explanation:

4 0
3 years ago
Smith Company gives the following information on the financial statements: Net Income $50,000 Preferred Dividends 8,000 Average
ch4aika [34]

Answer: The rate of return on common stockholder’s equity is 23%.

Explanation:

Given that,

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Market Price = $2 per share

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Return on equity = \frac{Net\ income - Preferred\ Dividends}{stockholder\ equity}

=  \frac{50000 - 8000}{180000}

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