The basis of accounting that fails to take into consideration amounts earned that are not collected and expenses incurred but are not paid is the _________________________
Fill in the blank(s) with correct word
cash basis
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Answer the following statements true (T) or false (F)
1. There are fewer risks associated with external recruiting than with internal since the pool of potential candidates is much larger. 2. The screening of job applicants in order to hire the best candidate is known as the preference process. 3. References are an effective way to obtain reliable information about a prospective job candidate. 4. The most commonly used employee-selection technique is interviewing.
Orlov Corporation purchased 8,000 shares of Matsey Corporation common stock for $40 per share on January 1, 2009 . Matsey reported net income of $110,000 for 2009 and paid dividends of $45,000 during 2009 . As of December 31, 2009, the market value of Matsey Corporation common stock was $40 per share. Assuming the shares owned by Orlov represent 30 percent of the total outstanding stock of
Matsey, the entry to record the recognition of income by Orlov Corporation is: a. Cash 33,000 Dividend Income 33,000 b. Investment in Matsey Corporation 110,000 Income, Matsey Corporation Investment 110,000 c. Investment in Matsey Corporation 33,000 Income, Matsey Corporation Investment 33,000 d. Investment in Orloy Corporation 33,000 Cash 33,000
A firm typically achieves an absolute cost advantage by offering a ________ product or service to a ________ target market using standardization to derive the greatest benefits from economies of scale and experience.
A. no frills; broad B. no frills; narrow C. complex; narrow D. complex; diverse
Agendas for formal meetings are sent out prior to the meeting
Indicate whether the statement is true or false