The most popular technique for gathering primary data is by observation.
Answer the following statement true (T) or false (F)
False
The most popular technique for gathering primary data is survey research.
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Based on this information, the statement of partners' equity would show what amount as total capital for the partnership on December 31?
a. $384,600 b. $412,600 c. $404,000 d. $414,000
The income statement of Hope Market, Inc reported a gain from the sale of land. How are the cash flow effects of this transaction reported on the statement of cash flows if the direct method is used to prepare the Operating Activities category?
a. The entire proceeds from the sale of the land are reported as an investing activity. b. The gain on the sale of land is reported in the Investing Activities category as a cash flow from the sale of land. c. The entire proceeds from the sale of the land are reported as an operating activity. d. The cash received from the sale of land is reported in the financing activity category as a cash flow from the sale of land.
Which of the following would not appear on a conventional balance sheet?
a. Income taxes payable b. Funds from operations c. Cash surrender value of life insurance d. Appropriation for contingencies (restriction of retained earnings) e. Patents
A welding machine has a mean time between failures of 289 hr and mean time to repair of 10 hr. In this case, the availability is ______.
A. 96.7% B. 93.6% C. 87.3% D. 98.1%