A system is a collection of elements that work together to achieve a goal
Indicate whether the statement is true or false
TRUE
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Capital investment analysis involves all of the following except
a. preparing reports for management. b. analyzing the sales mix. c. selecting the best alternative. d. dividing available capital investment funds.
In the growth stage of the product life cycle, sales typically grow at an increasing rate, many competitors enter the market, and large companies may start to acquire pioneering firms
Indicate whether the statement is true or false a. True b. False
In regards to benchmarking, which of the following statements is correct?
A) The two main types of benchmarks in financial statement analysis include benchmarking against prior year of the same company and benchmarking against a key competitor. B) Benchmarking is the practice of comparing a company with information provided by the Financial Standards Accounting Board. C) Risk Management Association provides common-size statements for most industries. D) It is not helpful to provide common-size percentages in a graphical manner.
On July 31, Potter Co. purchased 2,000 shares of GigaTech stock for $16,000. GigaTech has 100,000 shares currently outstanding. This is the company's first and only stock investment. On October 31, which is Potter's year-end, the stock had a fair value of $20,000. Potter should record a:
A. Credit to Fair Value Adjustment-Stock for $4,000. B. Debit to Unrealized Gain-Equity for $4,000. C. Debit to Unrealized Loss-Income for $4,000. D. Credit to Investment Revenue for $4,000. E. Credit to Unrealized Gain-Income for $4,000.