Goddard Corporation's trial balance contained the following account balances at December 31 . 2014: Accumulated Depreciation--Equipment ..................... $45,000 Short-Term Investments .................................. 15,000 Prepaid Insurance ....................................... 3,000 Cash .................................................... 33,000 Merchandise Inventory
................................ 90,000 Equipment and Furniture ................................. 54,000 Patent .................................................. 12,000 Accounts Receivable (net) ............................... 48,000 Land Held for Future Business Site ...................... 75,000 On Goddard's December 31 . 2014, balance sheet, the current assets total should be
a. $189,000.
b. $201,000.
c. $219,000.
d. $243,000.
A
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Julie Webb, CPA takes out an automobile loan with First National Bank of Wellville (FNBW) while attending the University of Wellville. Julie graduates one year later and is hired as an auditor by Best and Driftwood, LLP. Her first assigned audit engagement is with First National Bank of Wellville, a client of Best and Driftwood. As a new audit assistant, Julie continues to pay her automobile loan
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Where litigation in international disputes should occur is
A. dictated by where the problem arose; a problem arising in India is adjudicated in India. B. at times unclear, in which case, the UN International Court of Justice will make a jurisdictional ruling. C. usually evident from the documentation available. D. often complex, so contracts should include choice of law and choice of forum clauses.
A research plan should not include a plan for presenting the results of the study
Indicate whether the statement is true or false
Norma leaves the Tri-County Accounting Partnership. She may immediately compete with the partnership for new clients and may collect and keep the fees she earns from both new clients and from old clients on account of transactions she completes from her partnership with Tri-County
a. True b. False Indicate whether the statement is true or false