Those who find abandoned property cannot acquire ownership rights through mere possession of it.
Answer the following statement true (T) or false (F)
False
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________, which include acting friendly or making someone feel good or important before making a request, are influence tactics.
A. Coalition tactics B. Inspirational appeals C. Consultations D. Personal appeals E. Ingratiating tactics
Geller Electronics paid $200,000 to acquire Tabletz Company, an electronic gadget-advertising website. At the time of the acquisition, Tabletz's balance sheet reported total assets of $200,000 and liabilities of $100,000. The fair market value of Tabletz's assets was $200,000. The fair market value of its liabilities was $100,000. Journalize the acquisition of Tabletz in the books of Geller Electronics. Omit explanation.
What will be an ideal response?
The matching principle requires businesses to report Warranty Expense ________.
A) in the same period that the company records the revenue related to that warranty B) in the period prior to which the company records the revenue related to that warranty C) in the period after the related revenue is recorded D) in the long-term assets section of the balance sheet
Miranti Nex, an automobile company, plans to invest in developing a hybrid car. It refrains from using loans from other firms and instead uses its own monetary resources to fund the project. Which of the following sources of long-term funds is being used by Miranti Nex in the given scenario?
A. Corporate bonds B. Term loans C. Long-term debt D. Direct investments from owners