Roth IRAs are most appropriate for which one of the following savings goals?
A) new boat in three years
B) vacation next year
C) retirement in twenty years
D) investment property in five years
E) child's college in two years
C) retirement in twenty years
Business
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Which of the following is not a condition that must be satisfied before interest capitalization can begin on a qualifying asset?
a. Interest cost is being incurred. b. Expenditures for the assets have been made. c. The interest rate is equal to or greater than the company's cost of capital. d. Activities that are necessary to get the asset ready for its intended use are in progress.
Business
The gross profit percentage measures the profitability of each sales dollar above the cost of goods sold
Indicate whether the statement is true or false
Business