With the expansion of international business and global capital markets, the business community and governments have shown a decreased interest in the harmonization of international accounting standards
Indicate whether the statement is true or false
F
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Credit terms of n/30 mean that the net amount of the invoice, less any returns or allowances, is due within 30 days of the date of the invoice
a. True b. False Indicate whether the statement is true or false
Which of the following is most likely to trigger a positive response by the audience?
A) Biased language B) "I" language C) Provocative questions D) Accusatory language E) Trigger words
Angler Fish Co. factored $540,000 of its accounts receivable to Gause Finance Co. Gause Finance advanced 85% of the factored receivables and charged a 10% commission on the gross amount of the receivables. All conditions for a sale have been met.Required:Prepare the journal entries necessary to record the following: a.The sale of the receivables.b.Sales Returns and Allowances of $2,200 on a factored account.c.The conclusion of the sale agreement when Angler would collect any balance remaining.
What will be an ideal response?
Which one of the following does NOT fit with the functionary practitioner role?
A. Attempts to preserve and promote a favorable image of the organization. B. Concentrates on supplying information about the organization. C. Gives practitioners little say about what is said. D. Emphasizes maintaining the status quo within the organization. E. Calls for an open system response to adjusting to change.