Obtaining funds for the company in exchange for ownership is equity financing.
Answer the following statement true (T) or false (F)
True
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Charity service and bad debts in a government hospital that follows business-type accounting are:
A. Reported differently, with charity service disclosed in the notes to the financial statements and bad debts reported as a deduction from revenue. B. Both reported as deductions from gross patient revenue in arriving at net patient revenue. C. Both reported as expenses. D. Reported differently, with charity service reported as a deduction from gross patient revenue and bad debts reported as an expense.
Figure APC-2 is the condensed worksheet for the Christopher Company as of December 31, 2014.Additional Information:
a.Prepaid Insurance is for a two-year fire insurance policy dated July 1, 2014.b.The ending inventory amounts to $76.c.The building is being depreciated over a ten-year life, straight-line, no salvage value.d.The balance in Unearned Repair Service Revenue pertains to a contract sold on November 1, 2014, to provide service to a client for one year.e.Office supplies on hand at year-end amount to $14.f.At year-end, there are accrued salaries of $6.g.Consulting Revenue includes a contract for $60 received on October 1, 2014, for a one-year period of time.h.The tax rate is 50%.Required:Complete the worksheet, assuming that adjusting entries are made only at December 31.
What will be an ideal response?
Mismatched cultures or executive power struggles can be the result of which kind of organizational cultural hindrance?
a. Mergers and acquisitions b. Diversity c. Mission d. Change
Fecund Farms files a suit against Grain Mill Corporation under the doctrine of prom-issory estoppel. Fecund Farmsmust show that A) Fecund Farmsjustifiably refused to fulfill a promise to Grain Mill
B) Fecund Farmsjustifiably relied on Grain Mill'spromise to its detriment. C) ?Grain Milljustifiably refused to fulfill a promise to Fecund Farms. D) Grain Milljustifiably relied on Fecund Farms'spromise to its detriment.