Multiple cost drivers ________
A) have only one revenue driver
B) can utilize the simple CVP formula
C) have no unique breakeven point
D) are the result of multiple products
Answer: C
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Which of the following transactions would require the use of the present value of an annuity due concept in order to calculate the present value of the asset obtained or liability owed at the date of incurrence?
a. A capital lease is entered into with the initial lease payment due upon the signing of the lease agreement. b. A capital lease is entered into with the initial lease payment due one month subsequent to the signing of the lease agreement. c. A ten-year 8% bond is issued on January 2 with interest payable semiannually on July 1 and January 1 yielding 7%. d. A ten-year 8% bond is issued on January 2 with interest payable semiannually on July 1 and January 1 yielding 9%.
Declaring and paying dividends causes an increase in both assets and stockholders' equity of the corporation
Indicate whether the statement is true or false