Federal law establishes the specific procedures for a share exchange

Indicate whether the statement is true or false


F

Business

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Adriana Graphic Design receives $1,500 from a client billed in a previous month for services provided. Which of the following general journal entries will Adriana Graphic Design make to record this transaction?

A.

Accounts Receivable1,500 
Unearned Design Revenue 1,500

B.
Cash1,500 
Unearned Design Revenue 1,500

C.
Accounts Payable1,500 
Design Revenue 1,500

D.
Accounts Receivable1,500 
Cash 1,500

E.
Cash1,500 
Accounts Receivable 1,500

Business

Which of the following is an appropriate computation for return on investment?

a. Sales divided by total assets b. Net income divided by total assets c. Net income divided by sales d. Sales divided by stockholders' equity

Business

A company had the following purchases and sales during its first year of operations: PurchasesSalesJanuary:10 units at $1206 unitsFebruary:20 units at $1255 unitsMay:15 units at $1309 unitsSeptember:12 units at $1358 unitsNovember:10 units at $14013 units On December 31, there were 26 units remaining in ending inventory. Using the perpetual FIFO inventory costing method, what is the value of cost of goods sold? (Assume all sales were made on the last day of the month.)

A. $8,670. B. $3,270. C. $5,400. D. $5,130. E. $3,540.

Business

The normal distribution curve is ______.

a. skewed to the left of the mean b. skewed to the right of the mean c. symmetrical about the mean d. linear

Business