State approval is needed in order to form a sole proprietorship
Indicate whether the statement is true or false
FALSE
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Russell Co. received a $900 utility bill for the current month's electricity. It is not due until the end of the next month which is when they intend to pay it. Which of the following general journal entries will Russell Co. make to record the receipt of the bill?
A.
| Utilities Expense | 900? | |
| Accounts Payable | 900? |
B.
| Utilities Expense | 900? | |
| Accounts Receivable | 900? |
C.
| Accounts Payable | 900? | |
| Utilities Expense | 900? |
D.
| Cash | 900? | |
| Utilities Expense | 900? |
E. No journal entry is required
According to expectancy theory, for an employee to be highly motivated, E ? P expectancy and valence must be maximized.
Answer the following statement true (T) or false (F)
American legislative and economic thinking assumes that
A. competition among many small firms helps the economy. B. firms must have their prices approved by the Federal Trade Commission. C. laws are needed to prevent firms from competing with similar ("me-too") products. D. the free enterprise system is dying. E. government officials are needed to run the economy.
All corporations are subject to extensive government regulation.
Answer the following statement true (T) or false (F)