If a foreign company is taken over by the host country government, and some form of compensation is paid, "expropriation" has occurred
Indicate whether the statement is true or false
TRUE
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Which element of scientific management theory is commonly used today in the fast food industry?
A. Employees do not need to comply with a precise job description. B. Tasks can be completed at any convenient time. C. There is strict adherence to rules. D. Training takes a long time.
In most companies, machines break down occasionally and employees are often less than perfect. Which type of standard acknowledges these characteristics when determining the standard cost of a product?
A) Efficiency standard B) Ideal standard C) Practical standard D) Budgeted standard
A holder can convert a blank indorsement into a special indorsement by adding his or her signature on it
Indicate whether the statement is true or false
On January 1, Year 1, Stratton Company borrowed $100,000 on a 10-year, 7% installment note payable. The terms of the note require Stratton to pay 10 equal payments of $14,238 each December 31 for 10 years. The required general journal entry to record the payment on the note on December 31, Year 2 is:
A. Debit Notes Payable $7,000; debit Interest Expense $7,238; credit Cash $14,238. B. Debit Interest Expense $6,493; debit Notes Payable $7,745; credit Cash $14,238. C. Debit Notes Payable $10,000; debit Interest Expense $4,238; credit Cash $14,238. D. Debit Notes Payable $14,238; credit Cash $14,238. E. Debit Interest Expense $7,000; debit Notes Payable $7,238; credit Cash $14,238.