Groups that value high power distance believe that relationships are
A) informal B) relationship-oriented C) hierarchical D) individualist
C
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Which of the following is true?
a. The sale of stock to stockholders is an investing activity. b. The repurchase of stock from stockholders is an investing activity. c. The declaration of stock dividends is a financing activity. d. The payment of cash dividends is a financing activity.
At January 1 . 2014, a company had a net valuation allowance account credit balance for investments in securities available-for-sale of $20,000 . At December 31 . 2014, the total cost of the relevant portfolio was $300,000, and total market value was $275,000 . The entry required on December 31 . 2014, would reflect a
a. $5,000 decrease in net income. b. $25,000 decrease in net income. c. credit of $5,000 to the valuation allowance account. d. debit of $25,000 to the unrealized loss account.
What is the effect of an entry to record the purchase of inventory on account under the perpetual inventory system?
A. Total assets increase B. Total assets are unaffected C. Total liabilities increase D. Total assets and total liabilities increase
It's often difficult to validate that the results of a simulation truly replicate reality
Indicate whether this statement is true or false.