The leader is at the core of group change and activity, representing the backbone of the group or organization. Leadership is viewed as ______.
A. focus of group processes
B. personality perspective
C. leadership as an act
D. leadership as a behavior
A. focus of group processes
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Songtress Company bought a machine on January 1 . 2012 . for $24,000, at which time it had an estimated useful life of eight years, with no residual value. Straight-line depreciation is used for all of Songtress' depreciable assets. On January 1 . 2014, the machine's estimated useful life was determined to be only six years from the acquisition date. Accordingly, the appropriate accounting change
was made in 2014 . Songtress' income tax rate was 40 percent in all the affected years. In Songtress' 2014 financial statements, how much should be reported as the cumulative effect on prior years because of the change in the estimated useful life of the machine? a. $0 b. $1,200 c. $2,000 d. $2,800
The primary reason large U.S. companies send U.S. jobs abroad is because labor costs are higher in the United States. Such companies are said to be engaging in _____
a. employee export b. outsourcing c. inshoring d. joint ventures
An example of an effective, non-confrontational statement to invite someone to collaborate is, "I'd like to discuss what happened yesterday. I know that you are concerned about this situation too."
Indicate whether the statement is true or false.
Madison Company owned an asset that had cost $44,000. The company sold the asset for $16,000. Accumulated depreciation on the day of sale amounted to $32,000. Which of the following statements is true?
A. A $16,000 increase in total assets. B. A $4,000 gain in the investing activities section of the statement of cash flows. C. A $16,000 cash inflow in the investing activities section of the cash flow statement. D. A $4,000 cash inflow in the financing activities section of the cash flow statement.