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
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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
A _________ organization is an organization in which decision–making authority is spread throughout the organization
a. segmented b. decentralized c. matrix d. centralized
Process costing is the most appropriate costing method for a restaurant serving specialty cuisine
Indicate whether the statement is true or false
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.