Administrative activities focus on the ________
A) design and development of applications that support the primary business activities
B) hardware and software that must be implemented to support the applications that the primary activities use
C) business activities associated with employee management
D) processes and decision making to orchestrate the day-to-day operations of an organization
E) purchasing of goods and services that are required as inputs for the primary activities
D
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U.S. GAAP and IFRS provide criteria for distinguishing operating leases from capital leases. Which of the following is/are true?
a. Under the capital, or finance, lease method, the lessor records the signing of a capital lease the same as if the lessor sold the leased asset for an installment note receivable. b. Under the capital, or finance, lease method, the lessee recognizes interest expense on the lease liability, similar to recognizing interest expense on long-term notes or bonds. c. Under the capital, or finance, lease method, the lessee amortizes the leased asset, similar to recognizing depreciation on buildings and equipment. d. Under the capital, or finance, lease method, the lessee records the leased asset and the lease liability on the balance sheet at the present value of the contractual cash flows at the time of signing the lease. e. all of the above
When no-par stock is not assigned a stated value, the total amount received is recorded in the Common Stock account.
Answer the following statement true (T) or false (F)
Maintenance includes all activities involved in keeping a system's equipment in working order
Indicate whether the statement is true or false
Arthur, Betty, and Clara each inherit an undivided one-third interest in an apartment complex. Instead of selling it, they decide to continue to operate it for the next few years as a sideline to their other occupations just to see if they can earn some extra money. What are they?
a. A partnership. b. Co-owners only. c. A corporation. d. Creditors of the apartment complex.