Participation in a relationship may be optional or mandatory

Indicate whether the statement is true or false


TRUE

Business

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A stock split results in a transfer at market value from retained earnings to paid-in capital

a. True b. False Indicate whether the statement is true or false

Business

Andy and Ian formed a partnership on April 1, 2019. Andy contributes equipment to the business that originally cost $82,000 and on which accumulated depreciation of $16,000 has been recorded. The current market value of the equipment is $74,000. The value of the equipment recorded in the partnership journal is ________.

A) $66,000 B) $74,000 C) $58,000 D) $82,000

Business

The primary responsibility for enforcing air quality standards lies with:

A. international agencies. B. local governments. C. the federal government. D. the states.

Business

Clark created a group as part of the organization’s structure. This type of group is known as ______.

a. network b. cross-functional group c. informal group d. formal group

Business