The following rule deals with insider trading:
A) 3(c)
B) 7(e)
C) 10(b)
D) 12(d)
C
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The year-end adjusted trial balance of Gordon Produce for the current year, is shown below:GORDON PRODUCEAdjusted Trial BalanceDecember 31?DebitCreditCash$ 1,500?Store supplies500?Merchandise inventory11,000?Store equipment18,000?Accum. depr.-store equipment?$ 3,000Accounts payable?6,000Common stock?10,000Retained earnings?40,000Dividends22,000?Sales?60,500Cost of goods sold48,000?Depreciation expense-Store equipment1,000?Store supplies expense1,500?Salaries expense14,000?Rent expense2,000??$119,500$119,500Prepare closing entries at December 31 for the current year.
What will be an ideal response?
Which of the following statements explains why marketers use emotional appeals?
A. Emotional appeals are easy to execute and cost less, even though they are less effective than rational appeals. B. Emotional appeals persuade the target audience to buy the brand because it is the best available. C. The positive feelings created by advertising can have a favorable effect on consumers' evaluations of a brand. D. Emotional appeals focus on the consumer's practical, functional, or utilitarian need for a product or service. E. Emotional appeals tend to be informative, and help advertisers convince consumers that their product or service satisfies their needs.
Revenues of governmental fund types should be recognized when:
A. authorized by the budget ordinance. B. collected in cash. C. measurable and available. D. taxes become delinquent.
Azul Corporation, a calendar year C corporation, received a dividend of $30,000 from Naranja Corporation. Azul owns 25% of the Naranja Corporation stock. Assuming it is not subject to the taxable income limitation, Azul's dividends received deduction is $21,000
a. True b. False Indicate whether the statement is true or false