The passive approach to handling a crisis situation is based on the idea that problems ________
A) could be avoided with preparation
B) eventually go away when ignored
C) require elaborate plans to manage
D) should be actively defended from all sides
E) are an unavoidable aspect of any organization
B
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Crimes are usually classed as felonies or misdemeanors, depending on the seriousness of the offense.
Answer the following statement true (T) or false (F)
Available-for-sale securities may be classified as either short- or long-term, depending on how long management intends to keep them
Indicate whether the statement is true or false
Which of the following accounts would be found on the debit side of the adjusted trial balance?
A) Accumulated Depreciation-Equipment B) Common Stock C) Dividends D) Wages Payable
Lucia Company reported cost of goods sold for Year 1 and Year 2 as follows: Year 1 Year 2 Beginning inventory$120,000 $130,000 Cost of goods purchased 250,000 275,000 Cost of goods available for sale 370,000 405,000 Ending inventory 130,000 135,000 Cost of goods sold$240,000 $270,000 Lucia Company made two errors: 1) ending inventory at the end of Year 1 was understated by $15,000 and 2) ending inventory at the end of Year 2 was overstated by $6,000. Given this information, the correct cost of goods sold figure for Year 2 would be:
A. $264,000 B. $276,000 C. $249,000 D. $291,000 E. $285,000