Social Media have changed the way we communicate, keep track of others, browse for products and services, and make purchases

Indicate whether the statement is true or false
a. True
b. False


ANSWER: True

Social Media have changed the way we communicate, keep track of others, browse for products and services, and make purchases.

Business

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Cannibalization is the loss of sales that is often a side effect of bundling

Indicate whether the statement is true or false

Business

Building positive working relationships through goodwill is critical to your career success

Indicate whether the statement is true or false.

Business

Pacific Corporation Inventory $380,000 Accounts receivable $190,000 Land 290,000 Accounts payable 180,000 Cash 129,000 Unearned revenue 110,000 Prepaid rent 33,000 Common stock 312,000 Retained earnings 220,000 Long-term notes payable 200,000 Calculate the total amount of current assets for Pacific Corporation

A) $ 842,000 B) $1,022,000 C) $ 732,000 D) $ 842,000

Business

Carpenter Schools, Inc is authorized to issue 500,000 shares of $2 par common stock

The company issued 106,000 shares at $6 per share. When the market price of common stock was $10 per share, Carpenter declared and distributed a 10% stock dividend. Later, Carpenter declared and paid a $0.10 per share cash dividend. Prepare the journal entries to record these transactions. Explanations are not required. What will be an ideal response

Business