Stella, Inc. purchased 75 telescopes for $25 each from Luna Co. When they unpacked the telescopes, Stella found that 20 of the telescopes were damaged in shipping. Luna offers to take them back, or provide an allowance of $300. How would the journal entries differ if Stella chose to take the allowance instead of return the telescopes?
A) The company would debit the Allowance account instead of Purchase Returns.
B) The company would debit and credit the same accounts, but for a greater amount.
C) The company would debit and credit the same accounts, but for a lesser amount.
D) There would be no difference in journal entries.
C) The company would debit and credit the same accounts, but for a lesser amount.
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If you were thinking about a home theater system, which of the following represents the outputs?
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Mac files a petition for a discharge in bankruptcy. Mac's failure to appear at a meeting of the creditors listed in Mac's schedules may result in Mac being
A. denied a discharge of bankruptcy. B. fined. C. held in contempt. D. imprisoned.
While hunting, Roger enters Adele's property without permission and is injured by falling into a ditch that was obscured by the underbrush. Under the common law, Adele is liable for Roger's injuries
Indicate whether the statement is true or false
Musical Productions has a privacy policy posted on its website but it does not follow the provisions contained within it. Musical Productions is in violation of A)the CAN-SPAM Act
B)the Communication Decency Act. C)Section 5 of the FTC Act. D)the Electronic Communications Privacy Act.