Profits or losses are recorded in a share capital account. O TRUE O FALSE The main differences between profit reported by a proprietorship and a corporation are income tax expense and salaries paid to owners. O TRUE O FALSE

Which of the statements are not true Select one: a. Financial Structure is part of Capital Structure b. None of the statements c. Interest is an expense from a view point of tax d. Capitalisation is the total amount of long term funds raised by a company e. There is no commitment of payment of dividend for equity shareholders

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Marsden Company has three departments occupying the following amount of floor space: 20,000 square feet 10,500 square feet 30,000 square feet Department 1 Department 2 Department 3 How much store rent should be allocated to Department 3 if total rent is equal to $94,000? Note: Do not round Intermediate calculations. Multiple Choice $30,000 $46.612 $16,314 None of the answers are correct.