If the seller is responsible for paying freight charges, then ownership of inventory passes when goods arrive at their destination.
Answer the following statement true (T) or false (F)
True
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If common stock is issued for an amount greater than par value, the excess should be credited to
a. Retained Earnings b. Cash c. Legal Capital d. Paid-In Capital in Excess of Par
Barker, Inc. had reported the following details for the year ended December 31, 2019:
The company's beginning total assets and liabilities were $14,300,000 and $9,100,000, respectively. Calculate the asset turnover ratio for 2019. (Round your answer to two decimal places.)
A) 2.06 times
B) 1.21 times
C) 1.55 times
D) 1.60 times
While the Sarbanes-Oxley Act is an internal mechanism to ensure ethical corporate governance, the Committee of Sponsoring Organizations (COSO) is an external mechanism.
Answer the following statement true (T) or false (F)
Spears’s 10 characteristics of a servant leader were derived from ______.
A. House’s original work on ethical leadership B. Greenleaf’s original work on servant leadership C. House’s original work on charismatic leadership D. Bass’s original work defining transformational leadership