All of the following are examples of functional obsolescence, except:
a. an over improvement.
b. a one car garage.
c. a swimming pool in cold climate.
d. deferred maintenance.
Answer: d. deferred maintenance.
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Quest, Inc., has a sign hanging in every employee's cubicle that reads: "Together we are greater than any one of us." This is an example of a(n):
A. ritual. B. espoused value. C. enacted value. D. basic underlying assumption. E. physical structure.
The following information was taken from the 2014 financial statements of Glocken Corporation: Accounts receivable, January 1 . 2014 ................. $ 108,000 Accounts receivable, December 31 . 2014 ............... 152,000 Sales on account...................................... 2,190,000 Uncollectible accounts ............................... 5,000 No accounts receivable were written off or
recovered during the year. If Glocken prepares a statement of cash flows using the direct method, what amount should be reported as collected from customers in 2014? a. $2,239,000 b. $2,234,000 c. $2,146,000 d. $2,141,000