A weakness of the IDES approach is its lack of flexibility.

Indicate whether the statement is true or false.


T

Business

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Allen Marks is the sole owner and operator of Great Marks Company. As of the end of its accounting period, December 31, 2009, Great Marks Company has assets of $940,000 and liabilities of $300,000. During 2010, Allen Marks invested an additional $65,000 and withdrew $45,000 from the business. What is the amount of net income during 2010, assuming that as of December 31, 2010, assets were

$995,000, and liabilities were $270,000? A) $ 65,000 B) $ 50,000 C) $105,000 D) $370,000

Business

Name four of the seven leader behaviors in the servant leadership model advanced by Liden et al.

What will be an ideal response?

Business

If a merchant signs a written offer to buy or sell goods, this will be irrevocable only if accompanied by consideration

a. True b. False Indicate whether the statement is true or false

Business

What is the difference between a reservation and an appointment?

A) There is no difference between the two terms. B) The term reservation implies that the customer has paid in advance. C) The term appointment implies that the customer has paid in advance. D) The term reservation is issued when the customer occupies the facility to receive service.

Business