Online degree programs adversely affect colleges and universities that are facing an enrollment decline
Indicate whether the statement is true or false
False
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The business-to-consumer (B2C) contract is an example of an Internet contract.
Answer the following statement true (T) or false (F)
The utilitarian school of thought is divided into which of the following subcategories?
A) act utilitarianism and rule deontology B) act deontology and rule utilitarianism C) act utilitarianism and rule utilitarianism D) act deontology and rule deontology
The Income Summary account is a permanent account that will be carried forward period after period.
Answer the following statement true (T) or false (F)
Valley Spa purchased $7,800 in plumbing components from Tubman Co. Valley Spa signed a 60-day, 10% promissory note for $7,800. If the note is dishonored, but Tubman intends to continue collection efforts, what is the journal entry to record the dishonored note? (Use 360 days a year.)
A. Debit Bad Debt Expense $7,930; credit Accounts Receivable $7,930. B. Debit Bad Debt Expense $7,800; credit Notes Receivable $7,800. C. Debit Accounts Receivable?Valley Spa $7,800; credit Notes Receivable $7,800. D. Debit Accounts Receivable $7,930; debit Bad Debt Expense $130; credit Notes Receivable $8,060. E. Debit Accounts Receivable?Valley Spa $7,930, credit Interest Revenue $130; credit Notes Receivable $7,800.