1.Taxes are not considered in computing for the cost of preferred stocks because preferred dividends are not deducted in computing for the corporate taxes.

Group of answer choices

True

False

2.At January 1, 2020, J. Kho, Inc. has a beginning inventory of 3,000 surfboards. J. Kho estimates it will sell 14,000 units during the first quarter of 2020 with a 10% increase in sales each quarter. J. Kho's policy is to maintain an ending inventory equal to 20% of the next quarter's sales. Each surfboard costs P140 and is sold for P200. How many units should J. Kho produce during the first quarter of 2019?

Group of answer choices

P14,280

P16,800

P14,200

P14,080