The Leadership Grid identifies the ideal leadership style as incorporating ______.
a. a high concern for production and a high concern for people
b. a high concern for production and a low concern for people
c. a low concern for production and a low concern for people
d. a low concern for production and a high concern for people
a. a high concern for production and a high concern for people
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Inventories and prepaid assets are excluded from the numerator used to compute the quick ratio
a. True b. False Indicate whether the statement is true or false
The trade term "________" is used when the seller fulfills his obligations to deliver the goods passed over the ship's rail at the named port of shipment
A. free on board B. freight forwarder C. common carrier D. dead freight
An auditor compares annual revenues and expenses with similar amounts from the prior year and investigates all changes exceeding 10%. This procedure most likely could indicate that:
A. Unrealized gains from increases in the value of available-for-sale securities were recorded in the income account for trading securities. B. Fourth quarter payroll taxes were properly accrued and recorded, but were not paid until early in the subsequent year. C. The annual provision for uncollectible accounts expense was inadequate because of worsening economic conditions. D. Notice of an increase in property tax rates was received by management, but was not recorded until early in the subsequent year.
McVeigh Corp. owns 40% of Gondor Company's common stock. McVeigh received $52,000 in cash dividends from Gondor. The entry to record this transaction should include a:
A. Credit to Equity Method Investments for $52,000. B. Credit to Equity Method Investments for $130,000. C. Debit to Dividend Revenue for $52,000. D. Credit to Cash for $52,000. E. Debit to Dividends for $130,000.