For various reasons, a single economic entity may exist in the form of a parent and several legally separate subsidiaries, often referred to as an affiliated group
Indicate whether the statement is true or false
T
You might also like to view...
On December 1, 2016, Vonn Corporation paid $8,000 rent in advance. The rent per month is $1,000 . If Hazel's accounting period ends on December 31, 2016, what will be reported on the financial statements?
a. Prepaid Rent of $7,000 on its balance sheet at December 31, 2016 b. Prepaid Rent of $8,000 on its balance sheet at December 31, 2016 c. Rent Expense of $8,000 on its 2016 income statement d. Rent Revenue of $7,000 on its 2016 income statement
Henri's group is in the process of deciding on the ground rules that will govern group behavior. Which stage is his group at?
A. forming B. performing C. reforming D. storming E. norming
When determining the format for a message, a direct approach would work best under which conditions?
A) The audience will likely comply. B) The audience might be upset with the news. C) The audience has little time to read an explanation before reading the news. D) The audience will probably not agree with the news. E) The audience has little understanding of the reason for writing.
Which of the following is a characteristic of an inside sales force?
A) It travels to make sales calls on customers in the field. B) It receives administrative backup from outside sales forces. C) It cannot sell or service accounts directly. D) It eliminates the need to have an outside sales force. E) It conducts business from an office via telephone.