Which of the following statements is correct?
A)Income from operations increases when common stock is sold for more than par value.
B)The accrual of research and development costs does not affect the net profit margin ratio.
C)The payment of an accrued liability decreases total asset turnover.
D)The declaration and payment of a cash dividend increases the return on assets ratio.

Question

Quizplus · Accepted Answer

The Answer of Which of the following statements is correct?
A)Income from operations increases when common stock is sold for more than par value.
B)The accrual of research and development costs does not affect the net profit margin ratio.
C)The payment of an accrued liability decreases total asset turnover.
D)The declaration and payment of a cash dividend increases the return on assets ratio.

Which of the Following Statements Is Correct