Research designs should always be carried out, one after another, in the following order: exploratory, descriptive and longitudinal
Indicate whether the statement is true or false
FALSE
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The entries that transfer the balances of the temporary owner's equity accounts to the permanent owner's equity account are called
a. adjusting entries. b. closing entries. c. reversing entries. d. general journal entries.
There have been many times that Niall was overheard stating that his fans were so beautiful and smart. Of the elements that form attitudes, which element does Niali’s statement represent?
A. behavioral intention B. affective evaluation C. cognitive appraisal D. self-awareness
Assume that Boxer Company can no longer satisfy the going concern assumption. If that is the case, how should each of the following be presented on Boxer's financial statements?
a. Land b. Depreciation expense on production equipment c. Merchandise inventory d. Prepaid insurance
InvestCo purchases 30% of NewCo's stock on January 1, Year 1, for $100,000 . In Year 1, NewCo paid total dividends of $30,000 and had a net income of $70,000 . In Year 2, NewCo suffered a loss of $20,000 and paid no dividends. On January 1, Year 3, InvestCo sells its investment in NewCo for $105,000 . How is the sale recorded?
a. Cash 105,000 Loss on Sale 1,000 Investment in NewCo 106,000 b. Cash 105,000 Loss on Sale 4,000 Investment in NewCo 109,000 c. Cash 105,000 Loss on Sale 10,000 Investment in NewCo 115,000 d. Cash 105,000 Gain on Sale 14,000 Investment in NewCo 91,000 e. Cash 105,000 Treasury Stock 14,000 Investment in NewCo 91,000