____ allows a company to accomplish a technology swap
a. Data mining
b. Strategic alliance
c. Diversity
d. BPR
B
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In general, revenue is recognized when:
A. it is received in cash. B. goods are shipped. C. it is recorded in the sales journal. D. an entity satisfies a performance obligation.
Matthew Martin, the sole stockholder of Innovation Consulting, started the business by investing $64,000 cash in exchange for common stock. Identify the general journal entry below that Innovation Consulting will make to record the transaction.
A.
| Cash | 64,000? | |
| Common Stock | 64,000? |
B.
| Common Stock | 64,000? | |
| Cash | 64,000? |
C.
| Cash | 64,000? | |
| Note Payable | 64,000? |
D.
| Investments | 64,000? | |
| Common Stock | 64,000? |
E.
| Accounts Receivable | 64,000? | |
| Cash | 64,000? |
On a statement of cash flows prepared using the direct method, cash from customers would be sales plus a(n)
a. decrease in accounts payable. b. increase in accounts payable. c. decrease in accounts receivable. d. increase in accounts receivable. e. None of these answers is correct.
Generally, we can assume that the higher the GNI/capita value
A. the larger the population. B. the lower the tax rate. C. the smaller the population. D. the higher the growth rate. E. the more advanced the economy.