Accounting does not normally recognize mutually unexecuted contracts as assets or liabilities
Indicate whether the statement is true or false
T
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In terms of liquidity, it is to management's advantage to show investments under investments instead of marketable securities
Indicate whether the statement is true or false
Which of the following steps in the negotiation process is an exchange of personal greetings prior to the actual bargaining process?
A. building the relationship B. preparation C. bidding D. gathering information
More than 12 million of LinkedIn's users are small business owners, making it an excellent resource for entrepreneurs to network with like-minded firms, identify the best vendors, or build brand reputation.
Answer the following statement true (T) or false (F)
On March 1, Year 1, Gilmore Incorporated declared a cash dividend on its 1,500 outstanding shares of $50 par value, 6% preferred stock. The dividend will be paid on May 1, Year 1 to the stockholders of record as of April 1, Year 1.How will the entry to record the dividend on March 1 affect the financial statements? Assets=Liab.+EquityRev.?Exp.=Net Inc.Cash FlowA.NA=(9,000)+(9,000)NA?9000=(9,000)NAB.NA=9,000+(9,000)NA?NA=NANAC.(4,500)=NA+(4,500)NA?NA=NA(4,500) FAD.NA=4,500+(4,500)NA?NA=NANA
A. Choice A B. Choice B C. Choice C D. Choice D