At a procurement site, competition among sellers is likely to increase.
Answer the following statement true (T) or false (F)
True
Procurement websites increase the number of suppliers competing for the business, which in turn drives down prices or provides more beneficial terms of sale.
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Which of the following is not an estimate that requires significant auditor judgment and skepticism?
a. Obligations for pension plans. b. Valuation of goodwill. c. Allowance for bad debt. d. Common stock and related additional paid-in capital.
Marcoff Corporation acquires 30% of the outstanding voting common shares of the Invicta Corporation for $600,000 . Marcoff Corporation acquires the investment in Invicta Corporation by buying previously issued shares of Invicta Corporation from other investors. If Invicta Corporation declares and pays a dividend of $30,000 to holders of its common stock, Marcoff Corporation records the following
journal entry: a. Cash. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9,000 Investment in Stock of Invicta Corporation . . . . . . . . . . . . . . . . . . 9,000 b. Investment in Stock of Invicta Corporation . . . . . . . . . . . . . . . 9,000 Equity in Earnings of Affiliate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9,000 c. Equity in Earnings of Affiliate . . . . . . . . . . . . . . . . . . . . . . . . . . 9,000 Investment in Stock of Invicta Corporation . . . . . . . . . . . . . . . . . 9,000 d. Investment in Stock of Invicta Corporation . . . . . . . . . . . . . . . 9,000 Investment Revenue. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9,000 e. Investment in Stock of Invicta Corporation . . . . . . . . . . . . . . . 9,000 Investment Revenue. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9,000
A prepayment clause allows the payee or holder to accelerate payment of the principal amount of an instrument
Indicate whether the statement is true or false
While preparing an electronic résumé that can be scanned accurately, _____.?
A) ?use a nontraditional résumé format B) ?include italics, underlining, open bullets, or graphic lines and boxes C) ?use popular, nondecorative typefaces D) ?keep white space to a minimum