Firm ABC had operating profits of $100,000, taxes of $17,000, interest expense of $34,000, and preferred dividends of $5,000. What was the firm's net profit after taxes?

Intangible assets are reported on the balance sheet

a. with an accumulated depreciation account. b. in the property, plant, and equipment section. c. separately from other assets. d. none of the above.

When assets are sold from a CCA pool:

A) other assets' values increase. B) the remaining pool is subject to the net acquisitions rule. C) the assets sold continue in the pool. D) a new rate is used in the pool.