Minimizing the weighted average cost of capital allows management to undertake a larger number of profitable projects, thereby further increasing the value of a firm

An income statement shows "income before income taxes and extraordinary items" in the amount of $2,055,000. The income taxes payable for the year are $1,080,000, including $360,000 that is applicable to an extraordinary gain. Thus, the "income before extraordinary items" is

a. $1,335,000. b. $615,000. c. $1,395,000. d. $675,000.

A written acceptance to a job offer is a legally binding contract

Indicate whether the statement is true or false.