Salespeople represent customers to a company and represent a company to customers
Indicate whether the statement is true or false
TRUE
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Interdependent teams, such as marketing, human resources, finance, and so forth, are organized by their respective ______.
a. small business unit b. function c. level d. leader
Over the life of a loan, the payment to principal ________ and the portion to interest expense ________
A) increases; increases B) decreases; increases C) increases; decreases D) decreases; decreases
On January 3, 20X9, Pleat Company acquired 80 percent of Stitch Corporation's common stock for $344,000 in cash. At the acquisition date, the book values and fair values of Stitch's assets and liabilities were equal, and the fair value of the noncontrolling interest was equal to 20 percent of the total book value of Stitch. The stockholders' equity accounts of the two companies at the acquisition date are: PleatStitchCommon Stock ($5 par value)$500,000 $200,000 Additional Paid-In Capital 300,000 80,000 Retained Earnings 350,000 150,000 Total Stockholders' Equity$1,150,000 $430,000 Noncontrolling interest was assigned income of $11,000 in Pleat's consolidated income statement for 20X9.Based on the preceding information, what is the total stockholders' equity in the
consolidated balance sheet as of January 3, 20X9? A. $1,064,000 B. $1,150,000 C. $1,580,000 D. $1,236,000
An individual is considered to materially participate in an activity if any of the following tests are met with the exception of
A) the individual participates in the activity for more than 500 hours during the year. B) the individual participates in the activity for 75 hours during the year, and that participation is more than any other individual's participation for the year. C) the individual has materially participated in the activity in any five years during the immediate preceding 10 taxable years. D) the individual's participation in the activity for the year constitutes substantially all of the participation in the activity by all individuals.