Wholesalers fall into three major groups: merchant wholesalers, brokers and agents, and megawholesalers
Indicate whether the statement is true or false
FALSE
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A $155 credit item is posted as a debit. The trial balance column totals therefore will differ by
A) $310 B) $620 C) $155 D) $0
Answer the following statements true (T) or false (F)
1. Tennessee Moving Company uses the indirect method to prepare its statement of cash flows. Refer to the following portion of the comparative balance sheet:
If the net income for the year was $67,000, the company must have declared $42,000 as dividends during the year.
2. New York Production Company uses the indirect method to prepare its statement of cash flows. The Treasury Stock account had a debit balance of $8,000 at the beginning of the year and a debit balance of $16,000 at the end of the year. No treasury stock was sold during the year. The financing section of the statement of cash flows will show a positive cash flow of $8,000 for the buyback of treasury stock.
3. To complete the statement of cash flows, the net change in cash and its effects on the beginning cash balance must be shown.
4. The total change in cash for the period reconciles the statement of cash flows.
The emphasis on ______in collectivist cultures suggests that fairness might be perceived to result from equality as opposed to equity in reward allocation.
A. harmony B. need C. equity D. nurturance
A trainer who uses rewards such as praise to positively reinforce trainee behaviors is using behavior modification.
Answer the following statement true (T) or false (F)