There are four transactions that directly affect Owner's Equity. Which are the two transactions that decrease Owner's Equity?
A) Owner's withdrawals and expenses
B) Revenues and expenses
C) Owner's investments and revenues
D) Owner's investments and expenses
A
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Which of the following statements about mass customization is true?
A. There has been a widespread shift to mass customization by thousands of companies. B. If a company is to succeed with a mass customization strategy, it must be able to find a low-cost way to produce the products. C. The biggest successes in mass customization have all been in consumer markets as opposed to business markets. D. All these statements are true.
The first Congress established _____ administrative agencies
a. one b. ten c. no d. three
Fran, George, and Helen form FGH Corporation. In exchange for 300 shares of stock of the corporation, Fran contributes property with a basis of $15,000, fair market value of $50,000 and subject to a liability of $20,000 which the corporation assumed. George contributes property with a basis of $20,000, fair market value of $30,000 in exchange for 250 shares of stock of the corporation with a
value of $25,000 plus $5,000 cash. Helen performs services for the corporation and receives $2,000 worth of stock (20 shares) in exchange for the services. a. What is the amount of Fran's recognized gain or loss on the transaction? b. What is Fran's basis in the stock of the corporation? c. What is the corporation's basis in the property received from Fran? d. What is the amount of George's recognized gain or loss on the transaction? e. What is George's basis in the stock of the corporation?
Solitary confinement is difficult for people because they have a need for
A) achievement. B) affiliation. C) security. D) esteem. E) power.