Answer:
The correct answer is False.
Explanation:
Misleading cost numbers are considered to be higher when their unit allocations and the alternative activity-cost-driver allocations are proportionally different from each other. This means that it corresponds to the contrary to what is detailed in the statement.
In the long run, the cost of capital for nonequity funding is generally LESS THAN that of equity investment.
Answer:
Clorox Company
multiple-step income statement.
Net sales $5,450
Less Cost of goods sold ($3,104)
Gross Profit $2346
Less Operating Expenses :
Selling and administrative expenses $ 715
Research and development expense $ 114
Advertising expense $499 ($1,328)
Operating Income $1018
Less Non Operating Expenses :
Income tax expense $276
Interest expense $161
Other expense $46 ($483)
Net income $535
Explanation:
The multiple-step income statement shows separately the income derived from primary activities (operating income) and secondary activities (net income)
Answer:
A). The taxpayer's aunt.
Explanation:
Constructive ownership is demonstrated as the allocation of stock ownership from one to another taxpayer by the integrity of their relationship. For example, the parents own the stocks of their children constructively. As per the section (c) of constructive ownership under § 267, the party that cannot be a related part for constructive ownership purposes would be 'the aunt' of the taxpayer as she is not related to the taxpayer with blood either half or whole. Thus, she would not have any ownership right over the stock or shares and hence, <u>option C</u> is the correct answer.
Answer:
i think it is the 3rd one I'm not sure but I need help on one of mine and it would be really good if you can help me I will appreciateit
