"Personnel may have limited job mobility and lack access to adequate human and technical resources" is a disadvantage of combined maintenance organizational structures
Indicate whether the statement is true or false
FALSE
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Blanton Corporation purchased 15% of the outstanding shares of common stock of Worton Corporation as a long-term investment. Subsequently, Worton Corporation reported net income and declared and paid cash dividends. What journal entry would Blanton Corporation use to record the dividends it receives?
a. debit Investment in Worton Corporation; credit Cash b. debit Cash; credit Dividend Revenue c. debit Investment in Worton Corporation; credit Income of Worton Corporation d. debit Cash; credit Investment in Worton Corporation
One of the four general criteria for a capital lease is that the present value at the beginning of the lease term of the minimum lease payments equals or exceeds
a. the property's fair market value. b. 90 percent of the property's fair market value. c. 75 percent of the property's fair market value. d. 50 percent of the property's fair market value.
Select the item that BEST demonstrates ethical writing
a. Using imprecise language b. Omitting relevant information c. Emphasizing important information d. Emphasizing misleading or incorrect information
Gross profit represents the mark-up on ________
A) sales revenue B) merchandise inventory C) operating expenses D) transportation cost