The Governmental Accounting Standards Board (GASB) is the body authorized to establish accounting principles for all state and local governments, both general purpose and special purpose. (a) - True (b) - False

If a company has advance ticket sales totaling 2000000 for the upcoming football season the receipt of cash would be journalized as

When the publisher of the well-known Babar books wanted to celebrate the 80th anniversary of the series, it initiated a $100,000 campaign. This initiative represented the price component in the four Ps. A) True B) False

Once a firm has created its facebook page, it can devise advertisements and rely on facebook's targeting options to deliver those ads to the most appropriate customer segments.

Suppose you will receive a payment of $500 one year from now. True or False: If during the year the interest rate rises, this increases the present value of your future payment. True False

What is the complete count of a population, including place of residence? Question 4 options: Demographer Infrastructure Census Net immigration

Your firm has $500 million of investor-supplied capital, its return on investors' capital (ROIC) is 15%, and it currently has no debt in its capital structure (i. e., wd = 0).

Diseconomies of scale imply that the average total cost curve is downward-sloping in the long run. a. True b. False

Henrich is a single taxpayer. In 2019, his taxable income is $455,000. What is his income tax and net investment income tax liability in each of the following alternative scenarios?

When a company buys equipment for $150,000 and pays for one third in cash and the other two thirds is financed by a note payable, which of the following are the effects on the accounting equation? A. Total assets decrease $50,000. B.

Park Corporation issued 10-year bonds with a face value of $10,000,000. The face rate of interest on the bonds was 8%, and Park agreed to make semiannual payments. The market rate of interest at the time the bonds were issued was 6%.