Which of the following is/are true of capital lease transactions?
a. Capital leases may only be recorded if the transaction involves a third party.
b. Capital leases always have a bargain purchase option.
c. The lease is valued at the future value of the benefits provided.
d. The accounting treatment adopted is generally the same for lessors and lessees.
e. All of the above.
D
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Group cohesion and loyalty are highly valued in ______ cultures.
a. high-context b. collectivist c. low-context d. individualistic
When a business hires a new employee, a recordable transaction has occurred
Indicate whether the statement is true or false
On the due date, Merrel makes proper tender of full payment of a note to Russell, who is entitled to payment. If Russell refuses payment, Merrel is discharged from liability for:
a. the face amount of the note. b. any interest accrued until the time of tender. c. interest after the due date. d. All of these are correct.
When determining the sample size needed for a proportion for a given level of confidence and sampling error, the closer to 0.50 that p is estimated to be:
A. the smaller the sample size required. B. the larger the sample size required. C. the sample size is not affected. D. the effect cannot be determined from the information given.