Comprehensive income is:

Group of answer choices

A. used to determine earnings per share.

B. used to determine net income.

C. not used to determine net income or earnings per share.

D. used to determine net income or earnings per share.

If goodwill has decreased in value, it is said to be:

Group of answer choices

A. worthless.

B. impaired.

C. amortized.

D. a capital expenditure.

A machine is purchased for $70,000. The transportation costs were $4,000, installation costs were $1,000 and taxes on the purchase price were $700. The cost basis of the machine is:

Group of answer choices

A. $70,000.

B. $74,000.

C. $75,700.

D. none of the above.