Intermodal transportation refers to the combination of two or more modes of transportation
Indicate whether the statement is true or false
TRUE
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Compare the chase strategy versus level scheduling
What will be an ideal response?
Pena Company experienced the following events during Year 1:1)Recognized $17,000 of service revenue on account2)Wrote off as uncollectible an account receivable, $70.3)Prepared the adjusting entry to recognize uncollectible accounts expense. Pena expected that 2% of service revenue would not be collectedRequired: Show how each of these events would affect the elements of the financial statements using the table shown below. Include dollar amounts of increases and decreases. When an account is not affected by a particular event, indicate with NA.
What will be an ideal response?
Martin Ceramics Company sold equipment for cash. The income statement shows a gain on the sale of $1,020. The net book value of the asset was $3,810. Which of the following statements describes the cash effect of the transaction?
A) negative cash flow of $4,830 for financing activities B) negative cash flow of $2,790 for operating activities C) positive cash flow of $4,830 from investing activities D) positive cash flow of $2,790 from investing activities
Which of the following is not one of the three characteristics of entrepreneurial leadership mentioned by the text?
A. commitment to excellence B. clarifying job responsibilities C. vision D. dedication and drive