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D Question 4 1 pts Suppose a change in policies and practices for depreciation expense leads Company X to doubling the amount of depreciation expense
D Question 4 1 pts Suppose a change in policies and practices for depreciation expense leads Company X to doubling the amount of depreciation expense on its Income Stmt for the most recent year-end, even though no changes in operations occurred during that year. How would doubling the Depreciation Expense affect Net Income for that year-end Income Statement? No Change Increase Decrease Cannot be determined Question 5 1 pts In words, what is the meaning of a 5% profit margin? For each $100 of net income generated by the company. $5 in sales is required. For each $100 of sales generated by the company, it earns $5 in net income. For each $100 of sales generated by the company, it incurs $5 in operating expenses. For each $100 of profits generated by the company pretax, it keeps $5 after-tax 80 F3 000 000 F5 F2 F6 F8 F10 59
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