A company that forgets to recognize depreciation for the year overstates its income and assets
a. True
b. False
Indicate whether the statement is true or false
True
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Answer the following statements true (T) or false (F)
1. According to Bass, charisma is a necessary but not sufficient condition for transformational leadership. 2. A strength of the transformational model is the emphasis it places on followers' needs, values, and morals. 3. A criticism of transformational leadership is that it treats leadership as a personality trait. 4. Bass and Avolio suggest that transformational leadership cannot be taught since it results from innate leadership characteristics. 5. Transformational leadership views leaders as social architects.
Sumter Corporation uses the weighted-average method in its process costing system. The following data pertain to operations in the first processing department for a recent month: Work in process, beginning: Units in process 6,000 Percent complete with respect to materials 60%Percent complete with respect to conversion 20%Costs in the beginning inventory: Materials cost$78,200 Conversion cost$3,600 Units started during the month ? Units completed and transferred out during the month 70,000 Costs added to production during the month: Materials cost$286,600 Conversion cost$216,000 Work in process, ending: Units in process 8,000 Percent complete with respect to materials 75%Percent complete with respect to conversion 25% How many units were
started into production during the month? A. 56,000 units B. 68,000 units C. 72,000 units D. 84,000 units
Which of the following is generally considered an advantage of term loans over corporate bonds?
A. Higher flotation costs B. Speed, or how long it takes to bring the issue to the market C. Fixed bond terms after the bond has been issued D. Regular interest and principal payments on specified dates E. Standard terms of issue requiring no negotiation between the borrowing firm and the financial institution
Graphic rating scales that use critical incidents to anchor various points along the scale are known as ________.
A. behaviorally anchored rating scales B. simple ranking C. graphic rating scale D. narrative essay