Kari is the sole proprietor of Living Earth Garden Shop. As a sole proprietor, on the business's profits, Kari pays
a. no income taxes.
b. only personal income taxes.
c. only business income taxes.
d. both personal and business income taxes.
B
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Which one of the following types of inventory accounts would be used by a wholesaler or retailer?
a. Merchandise inventory b. Finished goods inventory c. Work in process inventory d. Raw materials inventory
Baggs buys $100,000 of Vista Company bonds on January 1, 2016 at face value. The bonds pay 10% interest semiannually on June 30 and December 31 . If Baggs sells the bonds at 99 on July 1, 2016, there will be a loss reported on the income statement
a. True b. False Indicate whether the statement is true or false
Gentech Corp prepared a bank reconciliation as of June 30, 2014 . The following items were identified: Gentech's bank balance $14,300 Deposits in transit 1,000 Outstanding checks 1,300 Bank service charges 50 Customer's NSF check returned by the bank 150 Gentech's adjusted cash balance at June 30, 2014 is
a. $13,800 b. $14,100 c. $14,000 d. $14,300
Good leaders will expect that effective followers ______.
a. might not have learned how to listen effectively b. might listen well, but might not have yet learned how to accept feedback c. will listen to and accept feedback that is coming down from a leader d. might have neither learned to listen well, nor accept feedback yet