Conceptual blocks are mental obstacles that constrain the way problems are defined and that limit the number of alternative solutions thought to be relevant
Indicate whether the statement is true or false.
Answer: TRUE
Explanation: Also, conceptual blocks are largely unrecognized or unconscious, so the only way individuals can be made aware of them is to be confronted by problems that are unsolvable because of them.
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Which of the following is not classified as a current asset?
A. Prepaid expenses B. Accounts receivable C. Patents D. Inventory
Charlene owns 40% of Liu's common stock. Liu pays $97,000 in total cash dividends to its shareholders. Charlene's entry to record this transaction should include a:
A) Debit to Dividends for $97,000. B) Credit to Dividend Revenue for $38,800. C) Debit to Long-Term Investments for $97,000. D) Credit to Long-Term Investments for $38,800. E) Debit to Cash for $97,000.