Patents and copyrights are intangible assets.The face interest is the contractual interest specified on the bondTrue/False

Since each firm is a unique entity, comparison of data for the firm with industry averages is of no use in financial analysis.

Retained earnings do not represent a cash fund.

A separate Common Stock account is kept in the general ledger for each common stockholder of a corporation.

The adjusting entry to record depletion for the period includes a credit to the Depletion Expense account.

The entry to record a subscription for 100 shares of common stock at par value would consist of a debit to Subscriptions Receivable-Common and a credit to Common Stock.

The fair market value of a share of common stock is determined by dividing the stockholders' equity by the number of shares of common stock outstanding.

Preferred Stock is shown in the Stockholders' Equity section of the balance sheet.

A partnership has a limited life. It ends with the death or withdrawal of a partner.