What would be the result in cell B7?
a) 20.50%
b) 7.50%
c) 17.20%
d) 23.67%
e) #DIV/0!
d) 23.67%
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On October 1, Robins's Online Sales sold goods for $50,000 and accepted a six-month noninterest-bearing note. Current interest rates were 10%. The December 31 adjusting entry should be
A) Interest Receivable 2,500Interest Revenue 2,500 B) Discount on Notes Receivable 1,250Interest Revenue 1,250 C) Discount on Notes Receivable 2,500Interest Receivable 2,500 D) Interest Revenue 1,250Discount on Notes Receivable 1,250
If the new venture is not a manufacturing operation, but a retail store or service, a new section of the business plan is required, which is called the:
A. operational plan. B. production plan. C. executive summary. D. organizational plan.
Which of the following is not a U.S. person?
A. Domestic corporation. B. Citizen of Turkey with U.S. permanent residence status (i.e., green card). C. U.S. corporation 100% owned by a foreign corporation. D. Foreign corporation 100% owned by a domestic corporation.
When the auditors of a nonpublic company are unable to comply with generally accepted auditing standards, they should issue an opinion that is unmodified, but include an additional emphasis-of-matter paragraph in the report.
Answer the following statement true (T) or false (F)