In a ________ letter of credit, a credit is obtained by a seller naming the buyer as the beneficiary
A. standby
B. red clause
C. revolving
D. transferable
A
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Central Investments bought 4,000 shares of Benet Company common stock on January 1, 2018, for $20,000, and 4,000 shares of Roy Company common on July 1, 2018, for $24,000. Benet declared dividends on December 31, 2018 of $3,000. At the end of 2018, the fair value of Roy was $30,000 and the fair value of Benet was $28,000. At the end of 2019, the fair value of Roy was $32,000 and the fair value of Benet was $24,000. These investments are reported in the long-term asset section of Central's balance sheet. Central owns 8% of Benet Company and 12% of Roy Company.How much income was reported on the 2018 income statement?
A. $14,240 B. $0 C. $14,000 D. $240
Which statement is true concerning operating assets?
a. Operating assets have no physical properties. b. A company's operating assets are important to its short-term liquidity. c. Operating assets are used over two or more periods to generate revenues. d. All operating assets are reported on the balance sheet
Increasingly, the modern management movement is moving away from a systems approach to management
Indicate whether the statement is true or false.
A textual block on a poster should typically not exceed ______ words.
a. 10 b. 25 c. 50 d. 100