Any lease for a stated period, irrespective of its duration, is called periodic tenancy
Indicate whether the statement is true or false
FALSE
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Milner Corporation owns 25 percent of the voting stock of Vaglia Corporation and accounts for the investment using the equity method. Vaglia reports a net loss of $10,000 . Milner Corporation's entry to record its share of loss is:
a. Cash 2,500 Investment in Vagila Corporation 2,500 b. Loss on Investments 10,000 Investment in Vagila Corporation 10,000 c. Loss,Vagila Corporation Investment 2,500 Investment in Vagila Corporation 2,500 d. Cash 2,500 Loss,Vagila Corporation Investment 2,500
In the BCG matrix, question marks are in a sector with little potential for growth
Indicate whether the statement is true or false
Which of the following funds should use the accrual basis of accounting?
A. Enterprise and private-purpose trust funds. B. Permanent funds and internal service funds. C. Special revenue and capital projects funds. D. Debt service and agency funds.
Standup meetings typically last about 1.5 hours in order to test the physical stamina and commitment of group members
Answer: FALSE