In a bank reconciliation, a deposit in transit will be shown on the bank side of the reconciliation
Indicate whether the statement is true or false
TRUE
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All of the following are tips from Peter Drucker for improving leadership except which
A. Change leadership styles according to the situation. B. Develop action plans that specify desired results. C. Listen first, speak last. D. Take responsibility for decisions. E. Focus on opportunities rather than problems.
Which of the following statements about the federal gift tax is false?
A. The tax is imposed on the donor. B. The tax is based on the fair market value of the gifted property. C. The donor's basis in the gifted property carries over to become the donee's basis. D. An individual can give away $10 million (adjusted annually for inflation) every year without being subject to tax.
Triangle Company sold a product on credit for $2,235 to Hexagon Sales. The cost of goods sold was $1,324. Assuming Triangle is following a perpetual inventory system and using a sales journal, it will record $2,235 in the ________.
A) Accounts Receivable CR, Sales Revenue DR column B) Cost of Goods Sold DR, Merchandise Inventory CR column C) Merchandise Inventory DR, Cost of Goods Sold CR column D) Accounts Receivable DR, Sales Revenue CR column
Duplicitous negotiations occur when negotiators "negotiate" but have no intention of reaching agreement.
Answer the following statement true (T) or false (F)