Define "growth from within" in regard to a corporation. Is it generally a suggested path for corporations?
What will be an ideal response?
Many corporations grow by expanding their present operations either through introducing and selling new, but related, products. Other corporations choose to expand their geographic reach and introduce their products and/or services to new locations. Internal growth, when planned and organized, is generally an effective method to expand a corporation and may have little adverse effect on the business.
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The accountant for the Hilga Company recorded a purchase of merchandise on credit for the current year, but the merchandise was shipped FOB destination and did not arrive until after current year-end. Assuming a periodic inventory system, how would assets, liabilities, and retained earnings be affected on the year-end balance sheet? Assets Liabilities Retained Earnings I. No effect Understated
Understated II. Understated Understated Understated III. No effect Overstated Overstated IV. No effect Overstated Understated ? A) I B) II C) III D) IV
Damaged goods that can be sold at a reduced price should be included in a company's merchandise inventory
Indicate whether the statement is true or false
Self-concept, once developed, is static and unchangeable.
Answer the following statement true (T) or false (F)
The ambassador from Austria to the United States wanted to sue the ambassador from Chile for injuries in a car accident caused by the Chilean ambassador. In which court will this suit be brought?