Commercial contracts with a Chinese company can only be entered into if that company is considered a "legal person."
Answer the following statement true (T) or false (F)
True
Commercial contracts can be entered into with a Chinese company or individual only if that company or person is considered a "legal person." To be a "legal person" in China, the company or person must have registered as such with the Chinese government.
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In the object-oriented approach to systems design, when an operation is performed on an object, an attribute will always be changed
Indicate whether the statement is true or false
A company used straight-line depreciation for an item of equipment that cost $12,000, had a salvage value of $2,000 and a five-year useful life. After depreciating the asset for three complete years, the salvage value was reduced to $1,200 but its total useful life remained the same. Determine the amount of depreciation to be charged against the equipment during each of the remaining years of its useful life:
A. $5,400 B. $2,400 C. $1,000 D. $2,000 E. $1,800
Which of the following statements is false regarding how the cash flow effects of the changes in the equipment and accumulated depreciation accounts would be reported on a statement of cash flows if the indirect method is used to prepare the operating activities section?
A) Cash proceeds from the sale of the equipment would be reported as a cash inflow in the investing activities section. B) The cash paid to purchase equipment would be reported as a cash outflow in the investing activities section. C) Depreciation expense would be added to net income in the operating activities section. D) A loss on the sale of the equipment would be subtracted from net income in the operating activities section.
Answer the following statement(s) true (T) or false (F)
1. Emotional tagging occurs when the memories that form the basis for pattern recognition are tagged with emotions. 2. According to the study done by Duke University and the Kauffman Foundation, most successful founders of new businesses start their businesses in their twenties—people who wait until later become too set in bureaucratic molds to become innovative entrepreneurs 3. According to the CIP model, ideological leaders use a vision-based approach to help them focus on future outcomes, change, and a promise of a better future. 4. According to the study in which participants were randomly assigned to be either managers or clerks, the managers had an advantage in terms of emotional displays because their natural emotional reactions made them seem enthusiastic and motivated, whereas the emotional displays of the clerks made them seem bored and unmotivated.