The matrix structure gives each employee ________ chain(s) of command.
A. team-based
B. mechanistic
C. infinite
D. at least two
E. organic
Answer: D
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A trial balance is the listing of each account and its balance at a specific point in time
a. True b. False Indicate whether the statement is true or false
Receivers of a message generally see a source as credible if they perceive the source to have expertise, trustworthiness, and ________
A) congruity B) "borrowed interest" devices C) likability D) appeals E) experience
Keith and Jim are partners. Keith has a capital balance of $51,000 and Jim has a capital balance of $39,000. Bill contributes a building with a fair market value of $27,000 to the partnership for an ownership interest of 20%. How much is the total bonus for the existing partners?
A) $12,000 B) $13,500 C) $3600 D) $27,000
McGuire Company acquired 90 percent of Hogan Company on January 1, 2019, for $234,000 cash. This amount is reflective of Hogan's total acquisition-date fair value. Hogan's stockholders' equity consisted of common stock of $160,000 and retained earnings of $80,000. An analysis of Hogan's net assets revealed the following: Book Value Fair ValueBuildings (10-year life)$10,000 $8,000 Equipment (4-year life) 14,000 18,000 Land 5,000 12,000 ??Any excess consideration transferred over fair value is attributable to an unamortized patent with a useful life of 5 years.?In consolidation at December 31, 2019, what net adjustment is necessary for Hogan's Patent account?
A. $7,000. B. $8,800. C. $7,700. D. $5,600. E. No adjustment is necessary.