Refer to the information above. After the closing of Profit Center 3, the monthly income from operations for Profit Center 1, as measured by Dalton Co. should be approximately:

How are anticipated administrative expenses reported on a statement of financial affairs?

A. As a footnote until actually incurred. B. As a liability with priority. C. As a partially secured liability. D. As an unsecured liability.

Which of the following, if true, strengthens the manager's argument?

A) Many other corporations have adopted ACME's definition of leadership. B) ACME's cross-functional team structure allows individuals to influence other people despite a lack of direct authority. C) Most of the company's leaders have come from the sales department, and relatively few have come from the quality control department. D) ACME's human resources department makes outstanding efforts to recruit a diverse group of employment candidates. E) Executives at ACME are often recruited to serve in leadership positions at other organizations.