If your neighbor takes your car, without permission, uses it for a day, and then returns it to you with no damage, there has been a trespass to personal property
a. True
b. False
Indicate whether the statement is true or false
True
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Some cash equivalents appear in the long term investment section of a balance sheet
a. True b. False Indicate whether the statement is true or false
A company has $8,000 in cash, $9,250 in accounts receivable, and $19,500 in inventory. If current liabilities are $14,350, then the quick ratio would be
a. 5.0 to 1 b. 2.6 to 1 c. 2.0 to 1 d. 1.2 to 1
CarWorks Company has 100,000 authorized shares of $4 par common stock. The company issued 40,000 shares at $8 . Subsequently, CarWorks declared a 2% stock dividend on a date when the market price was $11 a share. What is the amount transferred from the retained earnings account to paid-in capital accounts as a result of the stock dividend?
a. $8,800 b. $4,800 c. $3,200 d. $6,400
Notes issued by major corporations are known as commercial paper
a. True b. False Indicate whether the statement is true or false