Which statement about leased departments is not correct?
a. The proprietor of a leased department is responsible for all aspects of its operations.
b. The leasor provides management assistance, training, and troubleshooting for the leasee.
c. The leasor imposes various stipulations on the leasee to ensure consistency and coordination.
d. Leased departments tend to operate on the fringe of a department store's product lines.
b
Business
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Internal auditors are specialists hired from other company's system of internal control.
a. true b. false
Business
The buyer and seller agree to split the closing costs of %1500. The seller agreed to pay $900. How much would this appear on the closing statement?
A. Debit the seller $600. B. Credit the seller $900. C. Debit the seller $900. D. Credit the seller $900.
Business