The ending retained earnings amount is shown on

A. the balance sheet only
B. the retained earning statement only
C. both the balance sheet and the retained earnings statement
D. both the income statement and the retained earnings statement

Ans: C. both the balance sheet and the retained earnings statement

Business

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A company is evaluating an investment

The company uses the straight-line method of depreciation. Use the following information to compute the accounting rate of return. Show your calculations and round to one decimal place. Project Investment $875,000 Residual value 0 Operating income: Year 1 120,000 Year 2 120,000 Year 3 120,000 Year 4 120,000 Year 5 120,000 What will be an ideal response

Business

The prefatory parts of a report should

A) help readers decide whether and how they need to read the report. B) be prepared and written before the text of the report. C) include an introduction to the report. D) not require any revision once they are written. E) be placed at the end of the report.

Business