Book value is another name for market value
Indicate whether the statement is true or false
F
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In the summer of 2006, it was announced that the company's Smart car would be offered for sale in the United States. Which global company was responsible for bringing the Smart car to market?
A) Swatch B) Volkswagen C) Nissan D) Ford E) DaimlerChrysler
Which of the following is an example of healthy face-saving behavior?
a. blaming a coworker for a missed deadline b. offering to take the blame for a failed project c. blaming a budget cut for poor project results d. saving negative feedback for a private setting
Which of the following accounts could not be credited in an adjusting entry?
a. Earned Revenue b. Prepaid Rent c. Office Supplies d. Interest Receivable
Athena Company provides employee health insurance that costs $5,000 per month. In addition, the company contributes an amount equal to 5% of the employees' $120,000 gross salary to a retirement program. The entry to record the accrued benefits for the month would include a:
A. Debit to Medical Insurance Payable $5,000. B. Debit to Employee Retirement Program Payable $6,000. C. Debit to Employee Benefits Expense $11,000. D. Debit to Payroll Taxes Expense $11,000. E. Credit to Employee Benefits Expense $11,000.