Hybrids still require associations and CC&Rs
Indicate whether the statement is true or false
True
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Which of the following is true of the credit crunch that occured in the U.S. economy in the early 1990s?
A. The credit crunch affected only big business firms. B. Small business firms that were unable to obtain bank loans were most affected during the credit crunch. C. The main reason behind the credit crunch was the dramatic decline in housing prices. D. The government bailed out many of the financial firms that were affected by the credit crunch.
When using the indirect method, the gain from selling a long-term investment is recognized in which of the following?
a. In the operating activity section and the investing activity section of the statement of cash flows. b. In the financing activity section of the statement of cash flows. c. In the noncash investing or financing activity supplemental section of the statement of cash flows. d. Gains are not recognized in the statement of cash flows under the indirect method.
Prior to the Industrial Revolution, the primary law of employment was that, absent an agreement otherwise, a worker was hired for a year at a time
a. True b. False Indicate whether the statement is true or false
Common-sized balance sheets
A) show each balance sheet account as a percentage of total assets. B) show each balance sheet account as a percentage of total sales. C) show data for companies in the same industry. D) show data for companies with approximately the same amount of assets.