In a major review in 1948, Stogdill suggested ______.
A. no consistent set of traits differentiates leaders from non-leaders
B. leadership traits are independent of situation factors
C. extraversion is a definitive leadership trait
D. a consistent set of traits differentiates leaders from nonleaders
A. no consistent set of traits differentiates leaders from non-leaders
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Large companies understand their customers more in the local area compared to a small firm.
Answer the following statement true (T) or false (F)
Anole Company was incorporated as a new business on January 1, 2015 . The company is authorized to issue 20,000 shares of $5 par value common stock and 10,000 shares of 6%, $10 par value, cumulative, participating preferred stock. On January 1, 2015, the company issued 8,000 shares of common stock for $15 per share and 2,000 shares of preferred stock for $30 per share. Net income for the year
ended December 31, 2015, was $375,000. Refer to the information about Anole Company. Anole's total stockholders' equity reported on the balance sheet at December 31, 2015, is a. $ 60,000 . b. $120,000 . c. $180,000 . d. $555,000.
Which of the following applies to SFAS No. 13?
a. It applied the four criteria for a capital lease to both lessees and lessors. b. It created inconsistencies in financing-type leases. c. It eliminated asymmetry between lessor and lessee accounting. d. It requires the lessee to always use the lessor’s implicit interest rate.
Rafael bought an apartment building on March 27, 2012, for use as rental property at a cost of $2,000,000 (exclusive of the cost allocated to the land). He sells the building on November 3, 2019. What is Rafael's cost recovery deduction on the building for 2019 if he elects regular MACRS depreciation allowable on the building?
A. $44,870 B. $63,630 C. $66,660 D. $69,690 E. $72,740