Regarding accounting entries for debt securities, which of the following is TRUE?
A) The receipt of interest revenue is recorded with a debit to Interest Revenue and a credit to Cash.
B) Investments in debt securities are recorded at cost, including any brokerage fees paid.
C) The receipt of interest revenue is recorded with a debit to Cash and a credit to Held-to-Maturity Debt Investments.
D) Debt securities disposed of at maturity are recorded with a debit to the Short-term or Long-term Investments account and a credit to Cash.
B) Investments in debt securities are recorded at cost, including any brokerage fees paid.
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Which of the following is an accurate conclusion based on a recent meta-analysis of more than 38,000 organizational units and 616,000 individuals?
A. An organization's culture does not matter. B. An organization's financial performance (profit and revenue growth) is strongly related to organizational culture. C. Employees have more positive work attitudes when working in organizations with clan cultures. D. Quality and innovation are most closely related to hierarchical cultures. E. Adhocracy cultures produce higher customer satisfaction and market share.
Which account does not appear on the balance sheet but has an amount in the Balance Sheet columns of a work sheet?
A) Depreciation Expense-Trucks B) Dividends C) Accumulated Depreciation-Trucks D) Retained Earnings
Acquired in-process research and development (IPR&D) is never deductible for tax purposes and results in an increased effective tax rate
Indicate whether the statement is true or false
Jeremy is making a presentation to his department of 35 members. Which of the following is most likely to reduce the effectiveness of his presentation?
A. Facing the audience rather than the visuals when presenting B. Presenting five or six visuals per minute C. Integrating visual aids throughout the presentation D. Using key words instead of complete sentences in handouts and slides