The journal entry for accrued interest on a note payable includes

a. crediting Interest Expense.
b. debiting Accrued Interest Receivable and crediting Interest Revenue.
c. debiting Accrued Interest Payable and crediting Interest Expense.
d. debiting Interest Expense and crediting Accrued Interest Payable.


d

Business

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To convert a conceptual model with a maximum Multiplicities relationship of "many to many" into relationship database tables, one must:

A. Create a foreign key in one of the tables to link the two tables. B. Create a relationship table to handle the many-to-many relationship. C. Many-to-many relationship cannot be represented in Access. D. Create a relation with no attributes of its own.

Business

Answer the following statement(s) true (T) or false (F)

1. In a debate, two sides take turns presenting pro and con positions, with each side competing to win over the audience. 2. If you do not personally believe in the pro/con stance you’ve been asked to take, you aren’t expected to deliver an argument that is passionate. 3. Whether you are debating solo or part of a team, your role is to develop and present arguments to support your stance. 4. While important for an internship, reflection and analysis need not play integral parts in your report on service learning.

Business

In the context of budget preparation, the master budget of a firm organizes the _____ into a unified whole.

A. static budget and the cash flow budget B. static budget and the financial budget C. cash flow budget and the operating budget D. financial budget and the operating budget

Business

According to Robert Kelley, the best followers are self-starters who take initiative for themselves.

Answer the following statement true (T) or false (F)

Business