Answer the following statements true (T) or false (F)
ARB 38 recommended that where it was obvious a lease contract was in substance a purchase, an asset, but not a liability, should be recognized in the lessee’s balance sheet.
ANSWER: F
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Indirect labor costs might include the salary of the production manager.
Indicate whether the statement is true or false.
Which of the following is true of centralized companies?
A. In centralized companies, a manager cannot supervise more than five people. B. They have higher employee morale than decentralized companies. C. In centralized companies, a small number of people at the top have the power to make decisions. D. They respond more quickly to customer needs than decentralized companies.
Research objectives are ________.
A. general research guidelines B. research dashboards C. conjectures regarding marketing outcomes D. solutions to be evaluated E. specific and measurable
Which of the following is correct?
A. Deferred revenues are considered increases to stockholders' equity. B. Working capital is measured as current liabilities minus current assets. C. Deferred revenues will eventually become revenue earned. D. Working capital increases when a company pays the principal on a long-term note.