In 2015, more than 50 percent of minority-owned businesses were owned by:
A. Asian Americans.
B. Hispanics.
C. Native Americans.
D. African Americans.
Answer: A
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At the end of 2016, Clock Products, Inc determined that one of its patents was worthless. The patent had a cost of $300,000 . The patent had been amortized for 5 years of its estimated 15-year legal life. Which of the following statements is correct?
a. Clock Products must continue to amortize the patent over its remaining 10 years of life. b. The patent must be reduced to 5/15, or 33.3% of its original cost and amortized over the remaining 10 years. c. The remaining unamortized cost must be removed from the accounting records and treated as a loss on the income statement. d. Clock Products must correct its financial statements for the past five years, so that the entire cost is allocated to that five-year period.
________ are the rewards given to a person by the boss, the company, or some other person.
A. Hygiene factors B. Personalized powers C. Extrinsic rewards D. Halo effects E. Procedural justices
Johnson participates in group meetings by taking down relevant facts and information and providing documentation when it is needed for group tasks. What group role has Johnson adopted?
a. recorder b. information-giver c. initiator–contributor d. orienter
Axis Corporation purchased equipment at a cost of $100,000 in January, 2003. As of January 1, 2012, depreciation of $45,000 had been recorded on this asset. Depreciation expense for 2012 is $5,000. After the adjustments are recorded and posted at December 31, 2012, what are the balances for the Depreciation Expense and Accumulated Depreciation? Depreciation Expense Accumulated Depreciation
A) $ 5,000 $50,000 B) $45,000 $45,000 C) $ 5,000 $45,000 D) $45,000 $50,000