The diagram that shows how employees and tasks are grouped is called organizational structure
Indicate whether the statement is true or false.
Answer: FALSE
Explanation: A chart that provides a visual representation of how employees and tasks are grouped and how the lines of communication and authority flow is known as an organization chart.
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Clemente Co. owned all of the voting common stock of Snider Co. On January 2, 2017, Clemente sold equipment to Snider for $125,000. The equipment cost Clemente $140,000. At the time of the transfer, the balance in accumulated depreciation was $40,000. The equipment had a remaining useful life of five years and a $0 salvage value. Both entities use the straight-line method of depreciation.At what amount should the equipment (net of depreciation) be included in the consolidated balance sheet dated December 31, 2018?
A. $110,000. B. $ 90,000. C. $ 60,000. D. $105,000. E. $100,000.
Subchapter S is a section of the Model Business Corporation Act that provides special benefits for small corporations
a. True b. False Indicate whether the statement is true or false
An adjusting entry can never be an asset exchange transaction.
Answer the following statement true (T) or false (F)
The crow's-foot notation in an E-R diagram shows the maximum number of entities that can be involved in a relationship.
Answer the following statement true (T) or false (F)