A process range chart illustrates the amount of dispersion within the samples
Indicate whether the statement is true or false
TRUE
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A firm purchased bonds to be classified as an investment in securities available-for-sale. The bonds were purchased at a premium. Assume the market price of the bond is volatile. Given these facts, which of the following is correct?
a. Less cash interest is received each year than interest revenue is recognized b. The ending valuation allowance account balance will depend on ending market value and original cost c. The ending valuation allowance account balance will depend on ending market value and original cost adjusted for amortization of premium d. The premium is ignored because the bonds are not classified as held-to-maturity
Each organization has unique circumstances, and parties are more likely to commit to procedures they create and own.
Answer the following statement true (T) or false (F)
A small-scale consulting firm in Hawaii was struggling financially because it was unable to generate enough capital to run its business transactions. To generate capital, the firm decided to use web technologies and digital resources to build long-term associations with current customers and to reach out to new customers. In this scenario, the firm is using concepts that primarily originated in the _____ of American business history.
A. entrepreneurship era B. relationship era C. production era D. industrial era
Tom, a trustee, fraudulently purchases property with trust funds and puts title in his own name. What type of trust is created?
A) Constructive trust B) Implied trust C) Express trust D) Resulting trust