A withdrawal of funds by the owner for personal use is considered a business expense.
Answer the following statement true (T) or false (F)
False
Withdrawals represent a reduction of equity and are NOT an expense of the business.
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Herzberg viewed satisfaction and dissatisfaction as two different factors that exist along different dimensions.
Answer the following statement true (T) or false (F)
Standards can be used in a job-order costing system if the products manufactured are varied in nature
Indicate whether the statement is true or false
What is a gift inter vivos?
A) a gift that is made in contemplation of death B) a gift made during a person's lifetime that is an irrevocable present transfer of ownership C) a gift that is to be shared by the donor and donee with the payment of consideration by the donee D) a gift that requires a monetary payment at a set date in the future
Hill Computers is a retailer, which buys its inventory from Acme Co on credit, giving Acme a security interest in the inventory. Hubert buys a computer from Hill in the normal course of business. Hubert's title in the computer is:
a. a good title. b. a voidable title. c. Hubert has no title in the computer. Title does not pass to Hill and therefore to Hubert until Hill pays its debt in full to Acme. d. Hubert has good title that is subject to Acme's security interest.