People who experience cultural shock can become homesick and even develop physical ailments
Indicate whether the statement is true or false.
T
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Business risk is affected by a firm's operations. Which of the following is NOT directly associated with (or does not directly contribute to) business risk?
A. Demand variability. B. Sales price variability. C. The extent to which operating costs are fixed. D. The extent to which interest rates on the firm's debt fluctuate. E. Input price variability.
Zoning limiting adult bookstores to certain areas is unconstitutional
Indicate whether the statement is true or false
Which of the following accounts may reasonably be expected to grow with sales?
I. Accounts Receivable II. Accounts Payable III. Property, Plant and Equipment IV. Inventory V. Long-Term Debt A) I, II, and III B) I, II, and V C) I, II and IV D) III and V
On January 4, 2018, Mason Co. purchased 40,000 shares (40%) of the common stock of Hefly Corp., paying $560,000. At that time, the book value and fair value of Hefly's net assets was $1,400,000. The investment gave Mason the ability to exercise significant influence over the operations of Hefly. During 2018, Hefly reported income of $150,000 and paid dividends of $40,000. On January 2, 2019, Mason sold 10,000 shares for $150,000.What is the appropriate journal entry to record the sale of the 10,000 shares? A)Cash150,000 Investment in Hefly 150,000B)Cash150,000 Investment in Hefly 130,000 Gain on sale of investment 20,000C)Cash150,000 Loss on investment1,000 Investment in Hefly 151,000D)Cash150,000 Investment in Hefly 149,000 Gain on sale of
investment 1,000E)Cash150,000 Loss on sale of investment10,000 Investment in Hefly 160,000 A. A Above. B. D Above. C. E Above. D. C Above. E. B Above.