One advantage of budgeting several months in advance is that you will be warned of potential deficiencies and can determine how to cover them

The beginning balance in the Common Stock account of a company was $14,000. The revenues and expenses were $240,000 and $100,000, respectively. During the year, the company declared and paid dividends of $7,000 The ending balance in the Retained Earnings was $133,000. (Assume that the opening balance of Retained Earnings was zero.)

Indicate whether the statement is true or false

How does climate of trust improve effectiveness of teams?

What will be an ideal response?