Which of the following is/are not true regarding the classification of redeemable preferred shares on the balance sheet?
a. The classification of redeemable preferred shares on the balance sheet depends on the conditions for redemption.
b. If only the issuing firm has the option to redeem, then the preferred shares are part of its shareholders' equity.
c. If the issuing firm must redeem the preferred shares (so-called "mandatory redemption"), either at a specified time or upon a specified condition certain to occur, the issuing firm treats the preferred shares as its shareholders' equity.
d. If the preferred shareholders have the option to require redemption, then the preferred shares appear as a liability under U.S. GAAP.
e. If the preferred shareholders have the option to require redemption, then the preferred shares appear as a liability under IFRS.
D
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Abby and Bailey are partners who share income in the ratio of 2:1 and have capital balances of $60,000 and $30,000, respectively. With the consent of Bailey, Sandra buys one-half of Abby's interest for $35,000 . For what amount will Abby's capital account be debited to record admission of Sandra to the partnership?
a. $40,000 b. $15,000 c. $35,000 d. $30,000
Relative to Kenya, Japan has relatively higher economies of large-scale production, an abundance of resources, higher labor costs, and more research and development. The Heckscher-Ohlin theory explains Japan’s comparative advantage over Kenya as the result of differences in countries'
a. economies of large-scale production. b. relative abundance of various resources. c. relative costs of labor. d. research and development.
A standard hour incentive plan is likely to be successful if
A. employers keep labor costs to a minimum. B. the organization values employee satisfaction, product quality, and customer service more than profits. C. the pay increase is linked to ratings on performance appraisals. D. employees want the extra money more than they want to work at a pace that feels comfortable. E. most or all of a salesperson's compensation is in the form of commissions.
Power that does not rely on one’s position in an organization is referred to as ______.
a. hard b. reward c. individualized d. soft