Bonds affect the percentage of ownership of a corporation

Indicate whether the statement is true or false

FALSE

Business

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Which of the following operating segment disclosures is not required under current U.S. accounting guidelines?

A) Liabilities B) interest expense C) Intersegment sales D) Unusual and extraordinary items

Business

A furniture retailer has yearly sales of $1,800,000 . Beginning-of-year inventory (at cost) equals $400,000; ending inventory (at cost) is $270,000 . The yearly purchases are $700,000 and transportation charges are $5,700

The retailer's gross profit equals _____. a. $735,700 b. $964,300 c. $1,000,000 d. $1,005,700

Business