Most banks and merchants each charge a returned check fee of at least:

A) $15.
B) $20.
C) $35.
D) $50.
E) $75.


B) $20.

Business

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A direct financing lease differs from a sales-type lease in that

A) the direct financing lease does not have a dealer profit, although it could have a dealer loss. B) the direct financing lease provisions do not include a bargain purchase option. C) the sales-type lease does not have unearned interest income at the inception of the lease. D) the direct financing lease does not have a dealer profit or loss.

Business

A corporation issues 1,500 shares of common stock for $32,000. The stock has a par value of $10 per share. The journal entry to record the stock issuance would include a credit to Common Stock for:

A) $15,000. B) $32,000. C) $17,000. D) $2,000.

Business

Predetermined overhead rates are calculated at the end of the accounting period once the actual amount of factory overhead is known.

Answer the following statement true (T) or false (F)

Business

Anna is 88 years old and under the legal guardianship of her daughter. One day Anna receives a telephone call from a health insurance salesman and purchases a $400-a-month Medigap insurance policy. This contract is:

a. valid. b. voidable. c. void. d. unenforceable.

Business