The description of the relation between a company's assets, liabilities, and equity, which is expressed as Assets = Liabilities + Equity, is known as the:
A) Income statement equation.
B) Accounting equation.
C) Business equation.
D) Return on equity ratio.
E) Net income.
B) Accounting equation.
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If land costing $145,000 was sold for $205,000, the $60,000 gain on the sale would be added to net income in of the operating activities section of the statement of cash flows (prepared by the indirect method)
Indicate whether the statement is true or false
Which of the following is a true statement about outsourcing?
A. The organization using outsourcing is relieved of the responsibility of personnel matters involving the "outsourced" employees. B. The organization using outsourcing is responsible for obtaining its own employees. C. Outsourcing is commonly used as a means of staffing the general office area of organizations. D. The organization using outsourcing is responsible for supervising the contracted employees.
The remarkable characteristic of OLAP reports is that they are ________, as they are online and the viewer of the report can change their format.
A. informal B. dynamic C. specific D. precise E. accurate
Identify three indirect costs of accidents in workplaces.
What will be an ideal response?