An exogenous construct is represented in an structural path model as a box with one-headed arrows going into it

Indicate whether the statement is true or false

FALSE

Business

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Jackson Plumbing Services earned $500 by completing a job for Smith Company. The $500 earned by Jackson Plumbing Services is its ________

A) revenue B) equity C) gain D) debt

Business

On January 1, Averroes Company sold a machine that had a book value of $7,500 for $8,000 cash. The entry by Averroes Company on January 1, will include a

A. debit to Loss on Disposal B. debit to Gain on Disposal C. credit to Loss on Disposal D. debit to Cash

Business