Market value per share divided by book value per share is commonly referred to as earnings per share

Computer-aided design (CAD) refers to the use of specialized computer programs to direct and control manufacturing equipment

Indicate whether the statement is true or false

For each event, determine the amount of revenue to be recorded, even if $0, in May

May 1. In May, Tom contributed $8,000 in exchange for stock in Tom's Wear, Inc. 2. In April, Tom's Wear, Inc.'s customer ordered $1,000 of t-shirts. In May, Tom's Wear delivered the t-shirts and received the cash upon delivery. 3. In April, Tom's Wear, Inc.'s customer ordered $2,000 of t-shirts. Tom's Wear delivered the t-shirts in May and received $2,000 in June. 4. In April, Tom's Wear received $3,000 cash in advance for t-shirts. $2,500 of the t-shirts were delivered on May 1. The remaining $500 of t-shirts were delivered on June l.