An implied-in-law contract is a contract in which agreement between parties has been inferred from their conduct
Indicate whether the statement is true or false
FALSE
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Rufina Corp sold for $20,000 plant assets that cost $40,000 and that had an accumulated depreciation of $8,000. The journal entry to record the transaction is:
A) Cash 20,000 Plant Assets 20,000 B) Plant Assets 32,000 Cash 32,000 C) Cash 20,000 Accumulated Depreciation 8,000Loss on Sale of Plant Assets 12,000Plant Assets 40,000 D) Cash 20,000 Loss on Sale of Plant Assets 12,000Plant Assets 32,000
Which of the following can influence self-leadership?
a. Type of outcome b. Culture c. Country d. All of the above
The change in each of Kendall Corporation's balance sheet accounts last year follows: IncreaseDecreaseCash and cash equivalents$3,000 Accounts receivable$2,000 Inventory $3,000 Prepaid Expenses$4,000 Long-term Investments $15,000 Property, Plant and Equipment$10,000 Accumulated Depreciation$8,000 Accounts payable $9,000 Accrued Liabilities$6,000 Bonds Payable $13,000 Common Stock$5,000 Retained Earnings$4,000 Kendall Corporation's income statement for the year was: Sales$300,000Cost of goods sold 180,000Gross margin 120,000Selling and administrative expense 116,000Net income$4,000There were no sales or retirements of property, plant, and equipment and no dividends paid during the year. The company pays no
income taxes and it did not purchase any long-term investments, issue any bonds payable, or repurchase any of its own common stock. The net cash provided by (used in) operating activities on the statement of cash flows is determined using the direct method.Using the direct method, sales adjusted to a cash basis would be: A. $305,000 B. $298,000 C. $300,000 D. $302,000
Personal injury practice deals with lawsuits for money damages for injuries that people have suffered
a. True b. False