Assertive communication improves self-esteem and self-confidence

Indicate whether the statement is true or false


T

Business

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The provisions of IFRS require firms to classify marketable securities into which of the following categories?

a. Held to maturity investments for which a firm has both the intent and the ability to hold to maturity—shown on the balance sheet at an amount based on acquisition cost, but subject to impairment. b. Debt and equity securities held as financial assets at fair value through profit or loss, shown on the balance sheet at fair value, with changes in fair value of securities held at the end of the accounting period reported each period in net income. c. Debt and equity securities held as available-for-sale financial assets, shown on the balance sheet at fair value, with unrealized changes in fair value of securities held at the end of the accounting period included in other comprehensive income, and realized changes in fair value included in net income when a firm sells the securities. d. all of the above e. choices a and b, only.

Business

Annie's Catering received $1200 cash from a customer for catering services to be provided next month. Given the choices below, determine the general journal entry that Annie's Catering will make to record the cash receipt. Assume the company's policy is to initially record prepaid and unearned items in balance sheet accounts.

A.

Accounts Receivable1200? 
Catering Revenue 1200?

B.
Cash1200? 
Catering Revenue 1200?

C.
Cash1200? 
Unearned Catering Revenue 1200?

D.
Unearned Catering Revenue1200? 
Catering Revenue 1200?

E.
Cash1200? 
Accounts Receivable 1200?

Business

A clear statement of project needs is an output associated with the planning phase

Indicate whether the statement is true or false

Business

NAFTA established a free trade area for the United States, Mexico, and Central America

Indicate whether the statement is true or false

Business