Plant assets are defined as:
A) Tangible assets that have a useful life of more than one accounting period and are used in the operation of a business.
B) Current assets.
C) Held for sale.
D) Intangible assets used in the operations of a business that have a useful life of more than one accounting period.
E) Tangible assets used in the operation of business that have a useful life of less than one accounting period.
A) Tangible assets that have a useful life of more than one accounting period and are used in the operation of a business.
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Adjusting entries are journalized and posted after closing entries
Indicate whether the statement is true or false
Self-employed individuals interested in contributing to their own tax-deductible pension plan should choose a:
a. 401 (k) b. 403 (b) c. defined contribution plan d. Keogh plan e. Roth IRA
The act or practice of giving or receiving money or other valuable items to influence a person's behavior or action is referred to as:
A. bribery. B. discrimination. C. confidentiality. D. slander.
Tom's business has environmental databases that are readily available and cost-effective, but his vice president of operations thinks they need to develop a database for a new project. What would you advise them to do to make it the simplest, easiest, and most effective way to have that needed database?
A. Purchase it. B. License it from others. C. Patent it. D. Acquire the owner of the technology. E. Form a joint venture.