Fixed costs for a product are $50,000. The product itself sells for $5.00 and it costs $3.00 to make each product. What is the break-even point for the product?

Which of the following is incorrect?

a) Under acquisition accounting, direct acquisition costs are recorded by decreasing goodwill as a contra account. b) under acquisition method accounting, indirect acquisition costs (such as expenses incurred by a firm's permanent M&A department) are expensed c) Security issue costs, such as brokerage fees, reduce the Excess Paid In Capital account (i.e., are recorded as a debit to that account) d) Accounting and consulting fees incurred in a business combination are expenses under the current standards for acquisitions

Under the UCC, a court can find that a contract exists even though the court cannot determine

exactly when the contract came into existence. Indicate whether the statement is true or false