In constructing portfolios, investors are advised to consider intangible assets but ignore tangible assets
Indicate whether the statement is true or false.
FALSE
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A company instituted an IRS-approved plan to contribute monies to a plan that would pay each employee a percentage of his or her highest year of salary for each year of service upon termination of services. This plan is a:
A. government sponsored pension plan. B. postretirement benefit plan. C. defined contribution pension plan. D. defined benefit pension plan.
Calculate the average merchandise inventory held by Wildflower Company during the year.
Wildflower Company provided the following for 2019:
A) $940,000
B) $470,000
C) $300,000
D) $640,000
Alltech Company maintains a separate accounts receivable account for each customer. On June 18, Alltech provides $6100 of services on account to customer Anthony and $1000 of services on account to customer Walker. How will these two transactions affect the control and subsidiary accounts?
A) The control account, Accounts Receivable, will be increased with a debit of $7100. B) The individual customer accounts in the subsidiary ledger will be increased with credits. C) After posting these transactions, the sum of the balances in subsidiary accounts receivable will not equal the control account balance. D) The control account will have a debit balance and the subsidiary accounts will have a credit balance. This keeps the accounting equation in balance.
The reputation of a company is important to most prospective customers
Indicate whether the statement is true or false