The chart of accounts for a partnership, with the exception of drawing and capital accounts, does not differ from the chart of accounts for a sole proprietorship
Indicate whether the statement is true or false
True
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Anole Company was incorporated as a new business on January 1, 2015 . The company is authorized to issue 20,000 shares of $5 par value common stock and 10,000 shares of 6%, $10 par value, cumulative, participating preferred stock. On January 1, 2015, the company issued 8,000 shares of common stock for $15 per share and 2,000 shares of preferred stock for $30 per share. Net income for the year
ended December 31, 2015, was $375,000. Refer to the information about Anole Company. Anole's total stockholders' equity reported on the balance sheet at December 31, 2015, is a. $ 60,000 . b. $120,000 . c. $180,000 . d. $555,000.
Money objections do not include economic excuses.
Answer the following statement true (T) or false (F)
A rational and systematic allocation base for service department costs should reflect the cost accountant's consideration of all of the following except
a. the ability of revenue-producing departments to bear the allocated costs. b. the benefits received by the revenue-producing department from the service department. c. a causal relationship between factors in the revenue-producing department and costs incurred in the service department. d. all of the above are considerations.
Many cities, states, and countries recognize that by using effective marketing strategies, they can increase vital tourism revenues and attract business investments needed for growth. This is an example of implementing ________
A) idea marketing B) social marketing C) cultural marketing D) place marketing E) services marketing