The rationale for the equity method is that it better measures an investor's income from investing activities when, because of its ownership interest, it can exert significant influence over the operations and dividend policy of the investee
Indicate whether the statement is true or false
T
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When a limited liability company is formed
a. the partnership activities are limited b. all partners have limited liability c. some of the partners have limited liability d. none of the partners have limited liability
Prior to recording adjusting entries, the Office Supplies account had a $359 debit balance. A physical count of the supplies showed $105 of unused supplies available. The required adjusting entry is:
A. Debit Office Supplies $105 and credit Supplies Expense $254. B. Debit Office Supplies Expense $254 and credit Office Supplies $254. C. Debit Office Supplies $105 and credit Office Supplies Expense $105. D. Debit Office Supplies $254 and credit Office Supplies Expense $254. E. Debit Office Supplies Expense $105 and credit Office Supplies $105.
A ________ can raise capital through bonds, stock and debt.
A. LLP B. corporation C. partnership D. sole proprietorship
Define operational excellence. How can information systems help achieve it?
What will be an ideal response?