Answer maximization of the owners%u2019 wealth maximization of accounting profit

Question

Answer

maximization of the owners%u2019 wealth
maximization of accounting profit
maximization of sales
maximization of assets

Corporate stockholders: Answer
cannot have limited liability
cannot easily transfer ownership
cannot be subject to taxes on dividends
can limit their liability to the amount of their investment

Current liabilities would not include: Answer
accounts payable
notes payable
bonds
accruals
On the income statement, gross profit is defined as: Answer
operating profits minus operating expenses
gross profit minus operating expenses
sales revenue minus cost of goods sold
sales revenue minus operating expenses
The depreciation method currently used for tax purposes today is called the: Answer
accelerated cost recovery system (ACRS)
straight line method (SLM)
modified accelerated cost recovery system (MACRS)
double digit balance (DDB)

Explanation / Answer

owners, can limit, bonds, sales-cost

Related Questions

Navigate

• Browse (All)
• Browse A
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.