The ratio of net sales to assets measures how effectively a business is using its assets to generate sales
Indicate whether the statement is true or false
True
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The recipient of a taxable stock distribution will have a tax basis in the stock equal to the fair market value of the stock received.
Answer the following statement true (T) or false (F)
Sawaddee Enterprises began the year with total assets of $450,000 and total liabilities of $230,000 . If Sawaddee's total assets increased by $80,000 and its total liabilities increased by $57,000 during the year, what is the amount of Sawaddee's owners' equity at the end of the year?
a. $197,000 b. $543,000 c. $243,000 d. $220,000
Which of the following is not a characteristic of all long-term assets?
A) Possess physical substance B) Not for resale C) Used in operations of business D) Useful life of more than a year
The “babble effect” is related to:
a. leader emergence. b. group selection of a leader. c. effectiveness of a leader. d. all of the above.