Which of the following is not a general category of shareholders' equity?
A) Net income
B) Contributed capital
C) Noncontrolling interest
D) Earned capital
A
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At the time of originally recording a transaction, historical cost also represents the fair market value
Indicate whether the statement is true or false
Alex promises to pay $100 to anyone who finds his lost watch. Kate finds and returns the watch to Alex after hearing of the reward money. Alex and Kate have an enforceable unilateral contract
a. True b. False Indicate whether the statement is true or false
A person can be a holder if:
a. the instrument has been issued to that person. b. the instrument has been transferred to that person by negotiation. c. the instrument is ambiguous. d. Either the instrument has been issued to that person or the instrument has been transferred to that person by negotiation.
Which of the following is an advantage offered by a functional structure?
A. It allows for a higher degree of specialization and deeper domain expertise. B. It allows for an efficient top-down communication chain and thus relies on a relatively tall structure. C. It facilitates a lower division of labor, which is linked to higher productivity. D. It facilitates a lower level of specialization.