The way a user thinks of data in a database is called the user's ______________________________.
Fill in the blank(s) with the appropriate word(s).
logical view
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Financial accounting is defined as the use of management information to plan, evaluate, and control within the organization and to ensure appropriate use and accountability for its resources
Indicate whether the statement is true or false
Penney Corporation acquires 30% of the outstanding voting common shares of the Instat Corporation for $600,000 . Penney Corporation acquires the investment in Instat Corporation by buying previously issued shares of Instat Corporation from other investors. Between the time of the acquisition and the end of Penney Corporation's next accounting period, Instat Corporation reports earnings of $80,000
. Penney Corporation records the following journal entry: a. Equity in Earnings of Affiliate . . . . . . . . . . . . . . . . . . . . . . . . . . 24,000 Investment in Stock of Instat Corporation . . . . . . . . . . . . . . . . . .24,000 b. Investment in Stock of Instat Corporation . . . . . . . . . . . . . . . 24,000 Equity in Earnings of Affiliate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24,000 c. Equity in Earnings of Affiliate . . . . . . . . . . . . . . . . . . . . . . . . . . 80,000 Investment in Stock of Instat Corporation . . . . . . . . . . . . . . . . . 80,000 d. Investment in Stock of Instat Corporation . . . . . . . . . . . . . . . 80,000 Equity in Earnings of Affiliate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 80,000 e. Investment in Stock of Instat Corporation . . . . . . . . . . . . . . . 24,000 Investment Revenue. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24,000
On January 1, 2016, Amethyst Manufacturing Corporation purchased a machine for $40,000,000
The corporation expects to use the machine for 24,000 hours over the next six years. The estimated residual value of the machine at the end of the sixth year is $40,000. The schedule of usage of the machine is below. Year Usage 1 4,500 2 6,000 3 5,200 4 4,300 5 2,000 6 2,000 Prepare the depreciation schedule using the units-of-production method of depreciation. What will be an ideal response
Since stockholders are able to reduce their exposure to risk by efficiently diversifying their holdings
of securities, there is no reason for individual firms to seek diversification of their holdings of assets. Indicate whether the statement is true or false