Which of the following items should be included in a company's inventory at the balance sheet date?
a. Goods in transit which were purchased f.o.b. destination.
b. Goods received from another company for sale on consignment.
c. Goods sold to a customer which are being held for the customer to call for at his or her convenience.
d. None of these.
Answer: d. None of these.
Business
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If a company's ROA is high, then an investor can assume that the company
A) is in danger of defaulting on its loans. B) pays a high dividend. C) is profitable. D) has more equity than debt in its capital structure.
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Indicate whether the statement is true or false.
Business