Small businesses generate 50% of total employment in American inner cities.
Answer the following statement true (T) or false (F)
False
In addition to creating new jobs, small businesses generate 80% of total employment in American inner cities, providing a springboard for economic development. See 7-6: Small Business and the Economy: An Outsized Impact
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The accounts receivable turnover measures how promptly receivables are collected
a. True b. False Indicate whether the statement is true or false
An audit program is created to specify which of the following?
a. The type of audit opinion to be rendered based upon procedures performed. b. The audit procedures that will be performed every year for the client. c. How an auditor should think while performing audit procedures. d. Audit objectives and procedures to be followed during the audit process.
The following information is available from JB Corporation's accounting records for the year ended December 31, Year 4: Cash received from customers $600,000 Dividends received from marketable securities 80,000 Cash paid for purchase of supplies 300,000 Income taxes paid 50,000 Cash dividends paid to shareholders 30,000 Net cash flow from operating activities for Year 4 totaled
a. $200,000 b. $250,000 c. $300,000 d. $330,000 e. $220,000
How are direct and indirect costs accounted for when applying the acquisition method for a business combination? Direct CostsIndirect CostsA)ExpensedExpensedB)Increase Investment accountDecrease Additional paid-in CapitalC)ExpensedDecrease additional paid-in capitalD)Increase Investment accountExpensedE)Increase Investment accountIncrease Investment account
A. Option D. B. Option C. C. Option B. D. Option E. E. Option A.