Consolidated statements combine the balance sheets, income statements, and statements of cash flow of the parent company with those of its controlling interest affiliates

Indicate whether the statement is true or false


TRUE

Business

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The Bookstore Café is a small restaurant located in a downtown business district. It is opened for breakfast and lunch and serves simple yet nutritious meals and also sells books from the New York Times bestseller list. How would you categorize the book inventory, cooking equipment, tables, chairs, and the register?

A. As investor capital B. As current liabilities C. As assets D. As retained earnings E. As owners' equity

Business

A _________ organization is an organization in which decision–making authority is spread throughout the organization

a. segmented b. decentralized c. matrix d. centralized

Business

Process costing is the most appropriate costing method for a restaurant serving specialty cuisine

Indicate whether the statement is true or false

Business

In strategic management, both the short-term and long-term perspectives need to be considered because

A. shareholder value is only measured by short-term returns. B. the creative tension between the two forces managers to develop more successful strategy. C. long-term vision precludes the analysis of present operating needs. D. shareholders only care about long-term returns.

Business