A system for electronic funds transfers (EFT) in which machines are located in a merchant's store and are activated by the consumer's identification card and code is:
a. POS.
b. RAM.
c. EFTA.
d. DOS.
a
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Journey Company purchased equipment for $45,000. Total depreciation of $36,000 was recorded. On January 1, 2017, Journey exchanged the equipment for new equipment, paying $56,000 cash. The market value of the new equipment is $65,000. Prepare the journal entry to record this transaction. Assume the exchange has commercial substance. Omit explanation.
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An example of Nonaka’s (2001) tacit-explicit knowledge creation could be the organization codifying and writing up procedural and training manuals in order to train new employees. Nonaka refers to this process as ________________.
a. Socialization b. Internalization c. Articulation d. Combination
Fact Pattern 3-1AMac and Nan engage in a business transaction from which a dispute arises. Mac initiates a lawsuit against Nan by filing a complaint.Refer to Fact Pattern 3-1A. If Nan responds to Mac's complaint by filing a counterclaim, then
A. Mac will also have to file a response. B. Mac will have a judgment entered in his favor. C. Nan will also have to file an amended answer. D. Nan will have a judgment entered in her favor.