Under the stakeholder interest theory of the social responsibility of business, a business has
obligations to both shareholders and employees, but not to others.
Indicate whether the statement is true or false
FALSE
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Which of the following is a limitation to the Net Worth Method?
a. It only includes assets and liabilities that can be discovered. b. The resulting amounts presented in court are usually lower than the actual theft amount. c. The Net Worth Method only gives an estimate of Net Worth increases or decreases. d. When presented with the Net Worth amount(s), suspects sometimes confess.
What is the main difference between transformational leaders and charismatic leaders?
A. Charismatic leaders have idealized and inspirational motivations. B. Transformational leaders may place more emphasis on their own needs and interests. C. Transformational leaders fully delegate responsibility to others. D. Charismatic leaders may place more emphasis on their own needs and interests.
When a withdrawing partner withdraws assets less than his or her capital balance, the excess is treated as a bonus to the remaining partners
Indicate whether the statement is true or false
The Chisholm Company purchased a machine on November 1 . 2005, for $148,000 . At the time of acquisition, the machine was estimated to have a useful life of ten years and an estimated salvage value of $4,000 . Chisholm has recorded monthly depreciation using the straight-line method. On July 1 . 2014, the machine was sold for $13,000 . What should be the loss recognized from the sale of the
machine? a. $4,000 b. $5,000 c. $10,200 d. $13,000