If assets are $8,000 and liabilities are $2,000, owner's equity is $10,000.
Answer the following statement true (T) or false (F)
False
Using the fundamental accounting equation, owner's equity would be $6,000 ($8,000 = $2,000 + $6,000)
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A cost that changes, in total, in direct proportion to changes in activity levels is a(n):
A. absorption cost. B. fixed cost. C. variable cost. D. contribution margin.
Answer the following statements true (T) or false (F)
1. Spiritual values have been linked to improved organizational performance. 2. When it comes to helping to develop character, the best stories provide clear answers to moral problems. 3. Moral identities continue to develop well beyond childhood. 4. Positive psychologists differ from traditional psychologists because they take a constant positive approach to analyzing people’s weaknesses. 5. Positive psychology is focused on building upon other peoples strengths and virtues rather than fixing their deficiencies.
Usually, a statement of bad news should be followed by a logical explanation
Indicate whether the statement is true or false
Which of the following is NOT a business product classification?
A. professional services B. installations C. supplies D. accessories E. specialty items