Ability and effort are situational attributions.
Answer the following statement true (T) or false (F)
False
Ability and effort are personal attributions.
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An understatement of year 1's beginning inventory will
A) cause year 2's gross margin to be overstated. B) cause year 1's cost of goods sold to be understated. C) cause year 2's gross margin to be understated. D) have no effect on year 1's gross margin.
Bankruptcy law is exclusively federal law; there are no state bankruptcy laws
Indicate whether the statement is true or false
Which of the following transactions would be shown in the non-cash investing and financing activities section of the statement of cash flows?
A) sold equipment with book value of $6,500 in exchange for $6,500 cash B) settled a long-term note payable by issuing common stock C) issued 20,000 shares of stock at $4 per share D) purchased land for $30,000 cash
If you plan on using your credit card to carry a balance for more than a month or two, you should
A) use the store issued cards since they are easier to obtain. B) shop around for the card that offers the most introductory points. C) shop around to find the lowest interest rate card on the market before you make the purchases. D) A, B and C are all correct.