The accounting concept Consistent Reporting is being applied when a word processing service business reports revenue per page one year and revenue per hour the next year.

A) True

B) False

Griffins Goat Farm, Inc., has sales of $664,000, costs of $326,000, depreciation expense of $70,000, interest expense of $45,000, a tax rate of 22 percent, and paid out $46,000 in cash dividends.

Grandparents plan to open an account on their grandchild's birthday and contribute each month until she goes to college.

Willie is the production manager of the sterile ophthalmic formulations division of Pharmogrep, a pharmaceutical manufacturing company.

Fishing Adventures rents small fishing boats to tourists for daylong fishing trips. Each boat can only carry 1500 pounds of people and gear for safety reasons. Assume the average weight of a person is 150 pounds.

The best type of account for money you use to pay regular bills is a. savings b. money market c. corporate bond d. checking

Which of the following is true? Multiple Choice The Product "P" in the marketing mix stands only for physical goods. The Product "P" in the marketing mix stands for both physical goods and services.

The same person opens incoming mail and posts the accounts receivable subsidiary ledger.

George failed to pay $5,000 of income tax due with the filing of his return, which was timely filed on April 15th. He waits until June 10th after April 15th to pay the tax. How much will his penalties be?

On November 1, 2019, Juno, Inc. declared a dividend of $3.00 per share on common stock. Juno, Inc. has 10,000 shares of common stock outstanding and 20,000 shares of preferred stock.

Fallon Corporation reports net income of $370,000. Accounts Receivable balances at the beginning and end of the year were $40,000 and $48,000, respectively. Beginning and ending Inventory balances were $60,000 and $54,000, respectively.