Use the Following Financial Information to Answer This Question

question 63

Multiple Choice

Use the following financial information to answer this question. What are the values of the three components of the DuPont identity? Use ending balance sheet values.

• A) 0.15; 1.02; 0.35
• B) 0.15; 2.02; 0.35
• C) 0.15; 0.98; 2.86
• D) 0.16; 0.98; 0.35
• E) 0.16; 1.02; 2.86

Understand differences and implications between gross and net methods for accounts payable.

Analyze and construct journal entries for promotional expenses and premium offers.

Grasp the accounting treatment of warranties under different accounting methods.

Calculate and report trade accounts payable adjusted for cash discounts.