An external transaction is an exchange within an entity that may or may not affect the accounting equation.

Answer the following statement true (T) or false (F)


False

Business

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Managers do not need to know why a budget is being prepared, as these are prepared by higher authorities

Indicate whether the statement is true or false

Business

Jane, a successful store manager, leads her employees by encouraging them and showing that she genuinely believes in them. She also encourages group and team efforts. Jane manages at Kohlberg's _____ level of personal moral development.

A. unconventional B. nonconventional C. conventional D. postconventional E. preconventional

Business

A Booz Allen Hamilton/Aspen Institute survey of corporations in 30 countries revealed that 89 percent of these organizations had explicit, written statements of corporate values and that greater success in linking a corporation's values to its operations was related to

A. improved communication with supply chains. B. increased employee satisfaction. C. improved knowledge management. D. greater creativity. E. superior financial results.

Business

The principle of comity refers to:

a. the possibility for a foreign government to invoke sovereign immunity. b. the parties to a treaty being bound by it. c. the willingness of courts to respect foreign rules and decisions. d. the ICJ's jurisdiction over international disputes.

Business