Which balance sheet line item has the highest percentage increase from the prior year to the current year? Current YearPrior YearCash$54,000 $36,000 Accounts Receivable 18,000 72,000 Inventory 108,000 54,000 Prepaid Insurance 18,000 27,000
A. Prepaid insurance
B. Inventory
C. Cash
D. Accounts receivable
Answer: B
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If you organize the details of your letter according to the Inverted Journalist's Pyramid, how will you be listing the information?
A) Chronologically. B) From most important to least important. C) From least important to most important.
How does a "no-arrival, no-sale" contract differ from an F.O.B. destination contract?
A) Identification will occur in an F.O.B. destination contract, but not in a no-arrival, no-sale contract. B) If the goods fail to reach their destination, the seller must replace them in an F.O.B. destination contract, but not in a no-arrival, no-sale contract. C) Risk of loss while the goods are in transit is on the seller in an F.O.B. destination contract but on the buyer on a no-arrival, no-sale contract. D) Implied warranties exist in the F.O.B. destination contract, but not in the no-arrival, no-sale contract.
Bild-It-Rite Corporation is a public company that is preparing to issue securities that do not qualify for an exemption from registration. This means that Bild-It-Rite must
a. file a registration statement with the SEC. b. issue the securities through an online registration site. c. refrain from issuing the securities to unregistered investors. d. register the securities with a national stock exchange.
A joint tenant's sale of his or her interest terminates the tenancy.
Answer the following statement true (T) or false (F)