So far, social networking has gained popularity only in the United States.

Answer the following statement true (T) or false (F)


False

Business

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A required disclosure of a direct financing lease is that the cost of property on lease and the amount of the total accumulated depreciation

Indicate whether the statement is true or false

Business

On January 1, Year 1, Stratton Company borrowed $180,000 on a 10-year, 8% installment note payable. The terms of the note require Stratton to pay 10 equal payments of $26,825 each December 31 for 10 years. The required general journal entry to record the payment on the note on December 31, Year 2 is:

A. Debit Notes Payable $14,400; debit Interest Expense $12,425; credit Cash $26,825. B. Debit Interest Expense $14,400; debit Notes Payable $12,425; credit Cash $26,825. C. Debit Interest Expense $13,406; debit Notes Payable $13,419; credit Cash $26,825. D. Debit Notes Payable $26,825; credit Cash $26,825. E. Debit Notes Payable $180,000; debit Interest Expense $8825; credit Cash $26,825.

Business

Describe some solutions for conflict in organizations.

What will be an ideal response?

Business

A company had a beginning balance in retained earnings of $420,000. It had net income of $60,000 and paid out cash dividends of $65,000 in the current period. The ending balance in retained earnings equals:

A. $415,000. B. $485,000. C. $360,000. D. $545,000. E. $425,000.

Business