A firm that uses of electronic data interchange (EDI) can easily share the information put in a standardized format between its different computers.
Answer the following statement true (T) or false (F)
True
Electronic data interchange (EDI) is an approach that puts information in a standardized format easily shared between different computer systems.
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A change in accounting estimate is always accounted for
A) using a prior period adjustment. B) retrospectively. C) using the cumulative effect method. D) prospectively.
A corporation should account for the declaration of a 10 percent stock dividend by
A) transferring from retained earnings to contributed capital an amount equal to the legal capital represented by the dividend shares. B) transferring from retained earnings to contributed capital an amount equal to the market value of the dividend shares. C) transferring from retained earnings to contributed capital whatever amount the board of directors deems appropriate. D) making only a memorandum entry in the general journal.
Understanding gendered styles in communication may help:
a. Teams train their members to adopt the more superior feminine style. b. Teams train their members to adopt the more superior masculine style. c. Members meet the communication needs of each other. d. Members change their styles.
Janet was employed as a sales representative for Esday, Inc An appreciative customer gave her a diamond bracelet for all her hard work on a complicated contract. Can Janet keep the bracelet?
a. Yes. The bracelet was given to Janet personally and intended for her. b. Yes, but only if she discloses the gift to Esday and Esday consents to her keeping the bracelet. c. No. An agent is not allowed under any circumstances to personally profit as a result of the agency relationship. d. No. The bracelet is regarded as an unfair trade practice and violates antitrust law.