Week 4 Homework, Ch 10-13
Week 4 Homework, Ch 10-13 1) Which of the following should be included in the cost of land? a) cost to build sidewalks on the land b) cost to clear the land of old buildings c) cost of installing signage d) cost of installing fences 2) Which of the following items should be amortized? a) natural resources b) goodwill c) patents, copyrights, trademarks d) tangible property, plant, and equipment, other than land 3) Maple Company had net sales of $200,550 for the year ended December 31, 2015. Its beginning and ending total assets were $75,200 and $110,500, respectively. Determine Maple's asset turnover ratio for the year ended December 31, 2015. a) 0.46 times b) 2.67 times c) 1.18 times d) 2.16 times 4) Which of the following is true of dividends? a) Dividends are a distribution of cash, stock, or other assets to the stockholders. b) Dividends increase assets and decrease total stockholders' equity of a corporation. c) Dividend payments decrease paid-in capital. d) Dividend p...