According to the matching hypothesis, we tend to form relationships with people who are similar to us in terms of ______.
a. intelligence
b. personality
c. communication style
d. attractiveness
d. attractiveness
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In a perpetual inventory system, the Merchandise Inventory account must be closed at the end of the accounting period.
Answer the following statement true (T) or false (F)
There are basically four ways to divide the spectrum among active users:
frequency divisionmultiple access (FDMA), time division multiple access (TDMA), code divisionmultiple access (CDMA), and ______________. Fill in the blanks with correct word
During 2019, CDE Corporation (an S corporation since its inception in 2017) distributed a parcel of land to its sole shareholder, Clark. The fair market value of the land at the time of the distribution was $80,000 and CDE's tax basis in the property was $30,000. Before considering the effects of the distribution, Clark's basis in his CDE stock was $10,000. What amount of gain, if any, does CDE recognize on the distribution? What amount of income, if any, does Clark recognize on the distribution and what is Clark's basis in his CDE stock after accounting for the distribution?
What will be an ideal response?
Answer the following statements true (T) or false (F)
1. Factoring accounts receivable is relatively an expensive source of secured short-term funds that allows firms to turn accounts receivable immediately into cash. 2. A trust receipt inventory loan is an arrangement in which the lender receives control of the pledged inventory collateral, which is stored by a designated agent. 3. Inventory is more attractive than accounts receivable as a short-term collateral since it normally has a market value greater than its book value, which is used to establish its value as collateral. 4. A floating inventory lien is most attractive when the firm has a stable level of inventory that consists of a diversified group of relatively inexpensive merchandise. 5. Under the floating inventory lien, the borrower is free to sell the merchandise and is expected to remit the amount lent against each item, along with accrued interest, to the lender immediately after the sale. The lender then releases the lien on the appropriate item.