Net income on a cash basis is arrived at by adding depreciation and amortization back to accrual net income
a. True
b. False
Indicate whether the statement is true or false
True
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Joe, who owned a gym in Washington, had made an initial investment of $150,000. He employed a number of people and made money for the first two years. However, the business started declining after he relocated to a different neighborhood. Joe ran up a debt of $500,000. What might happen if his creditors seek to foreclose on the debt?
a. Joe's financial risk is limited to the extent of his investment in the business. b. Joe's personal assets can be taken by the creditors to repay the debt. c. Joe's employees are liable to contribute a percentage of their earnings toward paying the debt. d. The creditors cannot force the payment of the debt for five years.
Describe the legal structures for entrepreneurial ventures.
What will be an ideal response?
Research shows that a lead pay strategy reduces turnover.
Answer the following statement true (T) or false (F)
Shown below are selected data taken from the unadjusted and adjusted trial balances for the Dryer Company for the current year ended December 31. Determine the items A through H below. 
What will be an ideal response?