The financial activities of a business and the financial activities of the owners should be
A. combined in the firm's accounting records.
B. reported in different parts of the firm's accounting records.
C. kept totally and completely separate.
D. combined only if the owner wants them to be.
Answer: C
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Three Mexican retailers Famso, Grupo Gigante SA, and Grupo Comercial Chedraui SA have opened stores in the United States. This is an indication of:
A) U.S. retailers were lagging behind in collecting demographic information. B) the Mexican retailers provide better products than American stores. C) the Hispanic American segments represent a great opportunity for marketers. D) American businesses cannot compete with Mexican retailers. E) the Mexican retailers would like to compete with businesses like Best Buy and Circuit City.
Describe one of the three features that must exist to facilitate the manner in which you move from the encounter phase to the metamorphosis stage.
What will be an ideal response?
ABC Co. performed $5,000 of consulting work. Their customer paid them $3,500 right away and agreed to pay the balance in 30 days. Select the correct journal entry from the options below to record the transaction:
A. a debit to Cash for $3,500 and a credit to Fees Income for $3,500. B. a debit to Fees Income for $5,000, a credit to Cash for $3,500 and a credit to Accounts Receivable for $1,500. C. a debit to Cash for $3,500, a debit to Accounts Receivable for $1,500 and a credit to Capital for $5,000. D. a debit to Cash for $3,500; a debit to Accounts Receivable for $1,500 and a credit to Fees Income for $5,000.
____ is an acceptable error number for the RAISE_APPLICATION_ERROR function.
A. -18,000 B. -19,000 C. -20,002 D. -21,000