In groups and organizations where there are very strong norms, behavior is largely driven by ______.
a. personality
b. the behavior of others
c. the expectations of others
d. what one has learned from one’s parents
c. the expectations of others
You might also like to view...
While most companies make adjustments and prepare statements monthly, many companies complete the accounting cycle only once per year
a. True b. False Indicate whether the statement is true or false
When a respondent knowingly provides a false answer to a survey question, this is known as an intentional respondent error
Indicate whether the statement is true or false
There is no single accepted definition of authentic leadership, but it can be conceptualized in how many ways?
A. 1 B. 2 C. 3 D. 4
Hernandez Company began business operations and experienced the following transactions during Year 1, its first year of operations:1) Issued common stock for $50,000 cash.2) Provided services to customers for $125,000 on account.3) Purchased $2,500 of supplies on account.4) Paid $30,000 cash to rent office space for a 12-month period beginning July 1.5) Collected $115,000 cash from customers.6) Paid cash for $90,000 of operating expenses.7) Adjusted the accounting records to reflect that there was $750 of supplies remaining on hand at year-end.8) Recorded a year-end adjustment to recognize rent expense.Required:a) Record the above transactions on a horizontal statements model, reflecting their effect on the different financial statements. b) Prepare Hernandez Company's income statement,
balance sheet and statement of cash flows for the year ended December 31, Year 1. What will be an ideal response?