Diversified public corporations such as Berkshire Hathaway and Virgin Group are examples of companies that create value using
A. parenting expertise.
B. excess personnel.
C. increased market positioning.
D. deconstruction expertise.
Answer: A
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Stanfield Equipment sells new tractors and pays each salesperson a commission of $1,000 for each tractor sold. During the month of August, a salesperson, Jason, sold 3 new tractors. Stanfield pays Jason on the 10th day of the month following the sale. Jason operates on the cash basis; the tractor dealer operates on the accrual basis. Which of the following statements is true?
a. Jason will recognize commission revenue earned in the amount of $3,000 in August. b. Stanfield will recognize commission expense in the amount of $3,000 in August. c. Jason will recognize commission expense in the amount of $3,000 in September. d. Jason will recognize revenue in the same month that the tractor dealer recognizes expense.
Revenue expenditures are also called balance sheet expenditures.
Answer the following statement true (T) or false (F)
Define official immunity.
What will be an ideal response?
Venue is the term for the subject matter of a case.
Answer the following statement true (T) or false (F)