"Bishop, Inc., is obligated to pay its creditors $6,500 during the year. (Leave no cells blank - be certain to enter "0" wherever required.) a. What is the market value of the shareholders’ equity if assets have a market value of $10,250? (Do not round intermediate calculations.) b. What is the market value of the shareholders’ equity if assets equal $5,900? (Do not round intermediate calculations.)"

Which of the following statements are false regarding activity-based costing? non-manufacturing costs are important to include when calculating the cost of each product. costs are allocated based on a pre-determined overhead rate. transitioning from traditional costing methods to activity-based costing can be complicated and costly. activity-based costing follows the same basic calculation methods as traditional costing approaches. none of the above