In recording the cost of merchandise sold for cash, based on data available from perpetual inventory records, the journal entry is
A) debit Cost of Merchandise Sold; credit Sales
B) debit Cost of Merchandise Sold; credit Merchandise Inventory
C) debit Merchandise Inventory; credit Cost of Merchandise Sold
D) debit Accounts Receivable; credit Merchandise Inventory
B
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The salesperson was using ________ in her sales presentation when she asked, "I was so sorry to hear about the break-in at your warehouse. Is there any way that I can help you deal with this problem?"
A. persuasion B. acceptance signals C. communication control D. empathy E. a trial close
Weston Company had the following stock investments with insignificant influence in its portfolio at December 31, Year 1. Weston had several investment transactions during year 2.(1) Determine the amount Weston should report on its December 31, Year 1 balance sheet for its stock investments.(2) Determine the amount Weston should report on its December 31, Year 2 balance sheet for its stock investments.(3) Prepare the necessary adjusting entry to record the fair value adjustment at December 31, Year 2.Stock InvestmentsCostFair Value40,000 shares of Beach common stock$ 497,500$ 488,90015,000 shares of Danfield common stock410,200412,60018,000 shares of Cardinal common stock399,600382,500Jan. 22Sold 9,000 shares of Cardinal common stock for $202,150. Nov. 01Purchased 12,000 shares of Cliff
common stock for $223,950. The shares represent a 10% ownership.Dec. 31At December 31, Year 2, the fair values of its investments are: Beach, $502,500; Danfield, $411,800; Cardinal, $203,100; Cliff, $224,750. What will be an ideal response?
Which of the following is/are considered to be conduct to invalidate a will?
a. Duress. b. Undue influence. c. Fraud. d. All of these.
When a project manager imposes a judgment on warring parties, he is involved in:
A) Mediation. B) Elimination. C) Arbitration. D) Acceptance.