The reduction in the par or stated value of common stock, accompanied by the issuance of a proportionate number of additional shares, is called a stock split
a. True
b. False
Indicate whether the statement is true or false
True
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What percentage of online daters often embellish their profiles with “small” fibs?
Fill in the blank(s) with the appropriate word(s).
The principle of ________ suggests that when things are less available, they will become more desirable and have more influence.
Fill in the blank(s) with the appropriate word(s).
Which of the following does NOT create sales through presentations and probably never attempts to close a sale?
A. Account representative B. Sales engineer C. Order-taker D. Detail salesperson E. Industrial products salesperson
On May 22, Jarrett Company borrows $7,500 from Fairmont Financing, signing a 90-day, 8%, $7,500 note. What is the journal entry needed to record the payment of the note by Jarrett Company on the maturity date?
A. Debit Notes Payable $7,500; credit Cash $7,500. B. Debit Notes Payable $7,500; debit Interest Expense $150; credit Cash $7,650. C. Debit Notes Payable $7,650; credit Cash $7,650. D. Debit Cash $7,650; credit Interest Revenue $150; credit Notes Receivable $7,500. E. Debit Notes Payable $7,500; credit Interest Expense $150; credit Cash $7,350.