If your credit report contains deficiencies, there is really nothing you can do to correct them
Indicate whether the statement is true or false.
Answer: FALSE
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Hill Company entered into the following inventory transactions with its investees during 2018: Sold inventory to Grant Inc. for $150,000. The inventory originally cost Hill $120,000. Grant sold 75% of the inventory during 2018. Hill owns 15% of the voting stock of Grant and does not use the equity method to account for the Grant investment. Sold inventory to Thornton Inc. for $400,000. The inventory originally cost Hill $320,000. Thornton sold all of this inventory during 2018. Hill owns 100% of the voting stock of Thornton. Which of the following adjustments is correct with respect to preparing Hill's 2018 consolidated financial statements?
A. Cost of goods sold will be decreased $338,000. B. Sales will be decreased $400,000. C. Inventory will be decreased $40,000. D. Gross profit will be decreased $110,000.
Managing logistics in the service sector ______.
a. is relatively new b. offers little scope for further improvement c. is not regulated by the government d. is not relevant to international trade
Fact Pattern 14-2AMoore Properties, Inc., offers in writing to sell to New Development Corporation (NDC) a certain half-acre of land for "$112,000." After New Development signs the offer in acceptance and returns it, Moore discovers that the price should have been stated as "$121,000."Refer to Fact Pattern 14-2A. Moore's misstatement of the price is
A. a bilateral mistake. B. a fraudulent misrepresentation. C. a unilateral mistake. D. unconscionable.
As a manager, Julia believes that every member of her team should receive the same pay raise each year regardless of their individual contribution. Julia is following the distributive justice principle when managing salaries in this way.
Answer the following statement true (T) or false (F)