The ________ is the production cycle document that specifies the quantity of each product to be produced and when production should begin

A company should abandon the historical cost principle when the future utility of the inventory item falls below its original cost.

a. true b. false

The net income of a company for the year was $570,000 The company has no preferred stock. Common stockholders' equity was $1,800,000 at the beginning of the year and $2,300,000 at the end of the year. Calculate the rate of return on common stockholders' equity. (Round your answer to two decimal places.)

A) 24.78% B) 19.86% C) 31.67% D) 27.80%