The furthest time bucket from the current period lies in which time fence?
a. frozen
b. slushy
c. flexible
d. constant
c. flexible
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A company's December 31 work sheet for the current period appears below. Based on the information provided, what is net income for the current period? Unadjusted Trial Balance Adjustments Debit Credit Debit CreditCash1045? Accounts receivable 370? Prepaid insurance4300? 220?Supplies250? 140?Equipment12,420? Accumulated depreciation-equipment 260?Accounts payable 1840? Salaries payable 385?Unearned fees 5200? 445? Retained earnings 10,580? Dividends2350? Fees earned 8160? 445? 370?Rent expense2200? Salaries expense2800? 385? Utilities expense415? Insurance
expense 220? Supplies expense 140? Depreciation expense-equipment 260? Totals25,780??25,780??1820??1820? A. $2555. B. $2900. C. $1820. D. $6700. E. $2745.
If you wanted to evaluate the financial condition of Target Stores, a leading discount chain, you would most likely compare its financial ratios to ____ ratios.
A. Walmart's B. JCPenney's C. General Electric's D. small retailer industry's average E. Target in future years
Yanni's Yachts has created a specially designed awning for its boats. Yanni's did not patent the awning. Dream Boats purchased one of Yanni's boats and then copied the awning from the boat it purchased from Yanni. A) Dream Boats has appropriated a trade secret
B) Dream Boats has appropriated a patent because a patent need not be registered to be valid. C) Dream Boats has misappropriated Yanni's awnings. D) None of the above
The fairness approach to ethical decision making states that one should choose the action or policy that has the best overall consequences for all people who are directly or indirectly affected
a. True b. False Indicate whether the statement is true or false