Unstructured organizations can be even more complex than matrix organizations because workers not only have multiple bosses but report to multiple bosses in multiple companies

On January 1, 2012, Orbit, Inc purchased land and a building for a total of $90,000 by paying $20,000 cash and issuing a note for the rest. The market value of the building was appraised at $80,000 and the land at $20,000

Write in both the correct dollar amounts and the account titles involved. Use a plus for increases and parentheses () for decreases. Part A: Show the effect of the purchase on the accounting equation. Assets Liabilities Shareholders' equity CC Retained earnings Part B: Show the effect of the first year's depreciation, assuming the straight-line method and an estimated useful life of 20 years with a $32,000 salvage value. Assets Liabilities Shareholders' equity CC Retained earnings Part C: Show the effect of the first year's depreciation, assuming double-declining depreciation and an estimated useful life of 20 years with a $32,000 salvage value. Assets Liabilities Shareholders' equity CC Retained earnings Part D: Show the amounts that would appear on the annual financial statements at the end of the THIRD YEAR for each method. Straight-line Double-declining balance 1. Depreciation expense $ $ 2. Accumulated depreciation $ $ 3. Building (net of accumulated depreciation) $ $ 4. Land $ $ What will be an ideal response?

Because it requires no extra effort for the sender or receiver, a phone call is a more thoughtful way to convey a goodwill message than a written note

Indicate whether the statement is true or false