Explain the difference between producing financial statements in a traditional system and in a REA model
In a traditional system, financial statements are generally prepared from general ledger accounts, whose values are derived from journal voucher postings. With REA, traditional accounting mechanisms are reproduced from the event tables. Accounting figures extracted from REA tables can be used to prepare income statements, balance sheets and even journal entries.
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The New York City Transit used Likert scales to determine people's perceptions of the subway system and address their concerns, leading to increased ridership
Indicate whether the statement is true or false
When a company decides to enter a line of business that is farther away from its final customer, what type of growth strategy is this called?
a. backward integration b. forward integration c. related diversification d. unrelated diversification
What does the American Rule for successive assignments provide?
A) The last assignment in time prevails, regardless of notice. B) The first notified assignment prevails. C) The first assignment in time prevails, regardless of notice. D) Only notified assignments prevail.
Beatrice has a perceived inequity with Tobias. She decided that Tobias might work a little harder than she does, therefore she picks someone else who matches her own work ethic, Jeanine. Once Beatrice has done this, she perceives an equity of fairness and feels better about her own work situation. Beatrice decided to do which of the six behaviors stated in the textbook that changes perceived inequity?
a. Change equity theory person b. Change inputs c. Pick another other d. Attempt to change outcomes