The formula for writing 3 is to 5 as 21 is to a number is
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?
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3x = 21(5)
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3x = 105
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x = 35
Answer the following statement true (T) or false (F)
True
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On November 2, 2016, Quaint General Store concluded that a customer's $400 account receivable was uncollectible and that the account should be written off. What effect will this write-off have on Quaint's 2016 net income and balance sheet totals assuming the allowance method is used to account for bad debts?
a. Decrease in net income; decrease in total assets b. Increase in net income; no effect on total assets c. No effect on net income; decrease in total assets d. No effect on net income; no effect on total assets
The recognition issue deals with when a user of financial statements should use accounting information
Indicate whether the statement is true or false
___________ are issued by administrative agencies to interpret and implement statutes enacted by a legislature
a. Regulations b. Interpretations c. Reviews d. Acknowledgements
The oral presentation of any business plan should be:
A. validated by the market research findings. B. given by an outside advisor. C. detailed in order to motivate employees. D. delivered from the owner's perspective.