Profits that are retained within the company rather than being distributed to the owners are referred to as retained income.
Answer the following statement true (T) or false (F)
False
Rationale: The term is retained earnings.
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Sara's Designs purchased equipment at the beginning of 2015 for $11,000 . Sara decided to depreciate the equipment over a 5-year period using the straight-line method. Sara estimated the equipment's residual value at $1,000 . The estimated fair market value at the end of 2015 was $10,000 . Which of the following statements is correct concerning Sara's financial statements at December 31, 2015?
a. The book value of the equipment is $7,200. b. The book value of the equipment is $9,000. c. The total accumulated depreciation is $2,200. d. The equipment will be reported on the balance sheet at it fair market value of $10,000.
Direct costs are so named because they can be assigned directly to a work package and activity.
Answer the following statement true (T) or false (F)
Relationship building in the United States requires the use of an intermediary
Indicate whether the statement is true or false.
The definition of workforce diversity in the global context used in this text divides the workforce into distinction categories that have a perceived commonality within a given context and that impact employment outcomes. What are the advantages and limitations of this definition?
What will be an ideal response?