The accounting and reporting of health care, life insurance, and other postretirement plans follow the concepts and procedures for defined benefit pension plans
Indicate whether the statement is true or false
T
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Which of the following financing activities results in a cash inflow?
a. Buying treasury stock b. Issuing bonds c. Repaying a bank loan d. Paying cash dividends
According to Walumbwa and associates, which is not one of the four components of authentic leadership?
A. self-awareness B. internalized moral perspective C. ethical reasoning D. relational transparency
If a U.S. company purchases goods from a British supplier for a fixed number of U.S. dollars, an exchange gain or loss would not arise for the U.S. company, even if the exchange rate has changed between the time of purchase and the time of payment
Indicate whether the statement is true or false
A company receives $360 for a sale, of which $20 is for sales tax. The journal entry to record the sale is:
A) Sales Tax Expense 20Cash 340Sales 360 B) Cash 340Sales 340 C) Cash 360Sales 360 D) Cash 360Sales Tax Payable 20Sales 340