The gains that shareholders recognize as a part of a corporate reorganization may be treated a dividend to the extent of the corporation’s E & P.
Answer the following statement true (T) or false (F)
True
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Operating expenses other than depreciation for the year were $400,000. Prepaid expenses increased by $17,000 and accrued expenses decreased by $30,000 during the year. Cash payments for operating expenses to be reported on the cash flow statement using the direct method would be
A) $353,000 B) $413,000 C) $447,000 D) $383,000
If a firm is considered customer-centric, it implies that the company ________.
A. gives more importance to customers in everything that takes place both inside and outside the firm B. treats employees as customers and develops systems and benefits that satisfy their needs C. does marketing research on all market segments and creates ads that focus on individual market segments D. places employees and customers at the top of the organizational chart E. develops products and services that sell well in both large and small markets including some international markets
The production budget must be prepared before the direct materials, direct labor, and overhead budgets can be prepared.
Answer the following statement true (T) or false (F)
Most learning takes place when people behave according to their individual difference characteristics.
a. true b. false