Depreciation is a noncash expense that is added back to net income in determining cash provided from operating activities under the indirect method
a. True
b. False
Indicate whether the statement is true or false
True
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Lauren is listening to a coworker describe a problem with her supervisor. As she listens, Lauren is trying to put herself in her coworker’s situation and understand the real problem between the supervisor and her coworker. Lauren is using _______ skills to complete this task.
A. technical B. human relations C. conceptual and design D. business E. documentation
Technical skills are:
a. skills that can be used in many different work settings. b. specialized skills needed for a specific job. c. None of the answers are correct. d. natural talents or abilities.
A company purchased $1,800 of merchandise on July 5 with terms 2/10, n/30. On July 7, it returned $200 worth of merchandise. On July 8, it paid the full amount due. Assuming the company uses the gross method to record purchases, the journal entry to record the cash paid on July 8 is:
A. Debit Accounts Payable, $1,600; Credit Merchandise Inventory, $32; Credit Cash, $1,568. B. Debit Accounts Payable, $1,800; Credit Merchandise Inventory, $36; Credit Cash, $1,764. C. Debit Accounts Payable, $1,568; Debit Merchandise Inventory, $32; Credit Cash, $1,600. D. Debit Accounts Payable, $1,568; Credit Cash, $1,568. E. Debit Accounts Payable, $1,600; Credit Cash, $1,600.
How many candidates were approved for partnership in the year Hopkins was a candidate?
a. 7 b. 15 c. 21 d. 47