Alex has a small business of physical trainers. He has one location with three trainers and a front desk receptionist. He makes all the decisions on his own regarding his company. What type of organizational structure does Alex work in?
a. Divisional
b. Simple
c. Matrix
d. Functional
b. Simple
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The following items were reported on the balance sheets and income statement for the Flying Mullet Company: Accounts receivable, December 31, 2015 $ 85,000 Accounts receivable, December 31, 2016 98,000 Sales—2016 750,000 How would the change in accounts receivable be reported in the operating activities section of the statement of cash flows under the indirect method?
a. As an addition to sales b. As a deduction from sales c. As an addition to net income d. As a deduction from net income
Precise Device Corporation and Quality Instruments, Inc., decide to merge. This corporate combination does not require the approval of
A. Precise and Quality's directors. B. Precise and Quality's officers. C. Precise's shareholders. D. Quality's shareholders.
The corporate form of business
A. was first known and used by the Greeks and then spread through the Romans to England. B. was not known until the advent of the Industrial Revolution. C. was first allowed in the State of New York around 1811 and is considered to be an American creation. D. is a relatively new concept developed shortly after the Great Depression.
Adverse possession and easement by prescription are much the same
a. True b. False Indicate whether the statement is true or false