The income statement presents a summary of an entity's revenues and expenses for a period of time. Which of the following statements is true of an income statement?
A) There is net income when total expenses are greater than total revenues.
B) There is a net loss when total expenses are less than total revenue.
C) There is a net loss when total expenses are greater than total liabilities.
D) There is net income when total revenues are greater than total expenses.
D
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Renee has determined a faster way to complete monthly inventory reports. When she proposes her idea to Sal, her supervisor, he responds, “That’s a great suggestion Renee, however, because of the way each store’s UPC labels are coded, we can’t sort by department, only by store.” Sal is using which type of organizational control?
A. bureaucratic B. concertive C. technological D. unobtrusive
Which one of the following would NOT be considered a characteristic in trait theory?
a. Intelligence b. Drive c. Learning d. Honesty
In an ideal communication situation, one party would be able to encode his or her message in such a way that the receiving party would understand the intended meaning differently
Indicate whether the statement is true or false
Accounts receivables reflect:
a. the amount of money owed to a business from customers that purchased its goods or services b. the exact amount of the firm’s cash flows on the statement of cash flows c. the amount of money that other companies must receive from the company d. interest due from the bank on CDs and promissory notes e. an excellent source of long-term financing