Whereas a receiving report normally indicates that goods have been received, some organizations use an acceptance report to acknowledge formally the satisfactory completion of a service contract

Indicate whether the statement is true or false


T

Business

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Klein Corp acquired land by issuing its common stock. How should this transaction be disclosed when a statement of cash flows is prepared?

a. In a supplemental schedule of noncash investing and financing activities or in a note. b. The acquisition of land should be reported as an investing activity and the issuance of the stock as a financing activity. c. Using the master T-account approach. d. The transaction does not need to be disclosed.

Business

Discuss the importance of order processing in the physical distribution system.

What will be an ideal response?

Business

Job rotation can be used for most, if not all, types of employees.

Answer the following statement true (T) or false (F)

Business

With the Minimal collaboration tool set, a participant should be able to collaborate with his or her team, though he or she will get little support from the software

Indicate whether the statement is true or false

Business