The concept that assumes that an entity is not in the process of liquidation is__________
Fill in the blank(s) with correct word
going concern
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When a cash disbursement in payment of an accounts payable is recorded
a. the liability account is increased b. the income statement is changed c. the cash account is unchanged d. the liability account is decreased
Modesto, Inc leased machinery with a fair value of $250,000 from Layton Machine Co on December 31 . 2014 . The contract is a six-year noncancelable lease with an implicit interest rate of 1 . percent. The lease requires annual payments of $50,000 beginning December 31 . 2014 . Modesto appropriately accounted for the lease as a capital lease. Modesto's incremental borrowing rate is 1 . percent
Assuming the present value of an annuity due of 1 for 6 years at 1 . percent is 4.7908 and the present value of an annuity due of 1 for 6 years at 1 . percent is 4.6048, what is the lease liability that Modesto should report on the balance sheet at December 31 . 2014? a. $189,540 b. $200,000 c. $230,240 d. $239,540
A budget built from the ground up each year rather than by simply adding a percentage increase to last year's numbers is called:
A) a static budget. B) a flexible budget. C) a zero-based budget. D) a master budget.
HR policies are generally proposed by the senior executives of an organization and then submitted to the HR managers, who actually issue them. ?
Answer the following statement true (T) or false (F)