The measure of a firm's ________ is the current market value of its plant, equipment, inventories, and intangible assets.

A) investment
B) depreciation
C) capital stock
D) capital flow

Which of the following would not be included on an income statement?

A) Accumulated depreciation.
B) Insurance expense.
C) Cost of goods sold.
D) Discontinued operations.

Toni adds $3,000 to her savings on the first day of each year. Tim adds $3,000 to his savings on the last day of each year. They both earn a 9% rate of return. What is the difference in their savings account balances at the end of thirty years?

A) $35,822.73
B) $36,803.03
C) $38,911.21
D) $39,803.04
E) $40,115.31

Tyson is single and cannot be claimed by anyone as a dependent.He is a full-time law student at a local university.His tuition bill was $8,000.He paid the bill by withdrawing $2,000 from his savings account and borrowing the remainder from a local bank.For purposes of the education tax credits,what is the amount of Tyson's qualifying expenses?

Magnolia Company's Division A has income from operations of $80,000 and assets of $400,000. The minimum acceptable return on assets is 12%. What is the residual income for the division?

Indicate two alternatives to court action.