Inadvertently, Brie loses her textbook during an afternoon in City Park. She eventually gives up any attempt to find it. The textbook will then most likely be considered

A) abandoned property.
B) converted property.
C) lost property.
D) mislaid property.

Answer: A

Business

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Employees and customers are treated like a family at Bayou Seafood Café. Paul and Betsey, the owners, work to encourage unity to increase their employees' job satisfaction and commitment. At their café, Paul and Betsey have built a(n) ________.

a. bureaucracy culture b. market culture c. clan culture d. goal-driven agenda e. adhocracy culture

Business

Indicate the nature of the account or accounts to be debited when recording each transaction. A replacement, which extended the life but did not increase the quality of units produced by the asset, cost $15,000.

a. Asset(s) only. b. Accumulated amortization, or depletion or depreciation only. c. Expense only. d. Asset(s) and expense.

Business