Any lawsuit against the business or its employees does not lead to unlimited personal liability for the owner of a sole proprietorship
Indicate whether the statement is true or false
F
You might also like to view...
For a cash flow hedge, a company would not recognize in its financial statements any change in the value of the financial instrument being hedged
Indicate whether the statement is true or false
India needs more imports of raw materials such as textiles, steel, and heavy machinery and fewer imports of finished textiles, paper products, and automobiles. In the context of industrial structures, India is most likely a(n) ________ economy
A) subsistence B) totalitarian C) raw material exporting D) agrarian E) industrializing
Van Beeber Corporation's comparative balance sheet and income statement for last year appear below:Comparative Balance Sheet???Ending BalanceBeginning BalanceCash and cash equivalents$58,000$34,000Accounts receivable48,00036,000Inventory56,00067,000Prepaid expenses24,00016,000Long-term investments280,000220,000Property, plant, and equipment580,000580,000Less accumulated depreciation 270,000 235,000Total assets 776,000 718,000???Accounts payable$32,000$53,000Accrued liabilities38,00021,000Income taxes payable61,00031,000Bonds payable90,00060,000Common stock80,00060,000Retained earnings 475,000 433,000Total liabilities and stockholders' equity 776,000 718,000Income Statement?Sales$700,000Cost of goods sold 360,000Gross
margin 340,000Selling and administrative expense 210,000Net operating income130,000Income taxes 39,000Net income $91,000The company declared and paid $49,000 in cash dividends during the year. It did not sell or retire any property, plant, and equipment during the year. The company uses the direct method to determine the net cash provided by (used in) operating activities.On the statement of cash flows, the income tax expense adjusted to a cash basis would be: A. $25,000 B. $69,000 C. $9,000 D. $39,000
A _____ is a dynamic table that not only contains the SQL query command to generate the rows, but also stores the actual rows
a. SQL view b. materialized view c. star schema d. data cube