EDI standards that take advantage of network communications have yet to be fully implemented at the industry level
Indicate whether the statement is true or false
FALSE
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What effect does "recognizing an accrued liability for utilities at the end of the accounting period" have on the accounting equation?
a. Assets decrease and stockholders' equity decreases. b. Liabilities increase and stockholders' equity increases. c. Assets decrease and liabilities decrease. d. Liabilities increase and stockholders' equity decreases.
Under which of the following scenarios would an entity not be classified as a variable interest entity?
a. The equity investing firms do not have the obligation to absorb the expected losses of the variable interest entity if they occur. b. The investing firms do not have the right to receive the expected residual returns of the variable interest entity if they occur. c. The total equity investment at risk is sufficient to permit the variable interest entity to finance its activities without additional subordinated financial support from other parties. d. The equity investing firms do not have the direct or indirect ability to make decisions about the variable interest entity's activities through voting rights or similar rights.
The reason Lin has been so successful in expanding her small auto body shop into a very profitable business with three locations is very simple. From the beginning, she has quietly focused on doing the work that needed to be done and avoided being distracted from that work. Which entrepreneurial type best describes Lin?
a. machine b. hustler c. prodigy d. innovator
Deliberate practice requires:
a. high levels of focus, attention, and concentration b. avoiding possible weaknesses c. working without goals d. seeking perfection