Which sentence uses correct capitalization?
A) George H. W. Bush, past President of the United States, went skydiving on his ninetieth birthday.
B) George H. W. Bush, Past President of the United States, went skydiving on his ninetieth birthday.
C) George H. W. Bush, past president of the United States, went skydiving on his ninetieth birthday.
C
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When a company receives an electric bill but does not pay it right away, what is the required journal entry to be recorded?
a. Utilities Expense – Debit; Accounts Receivable – Credit b. No entry is required until the bill is paid. c. Utilities Expense – Debit; Accounts Payable – Credit d. Accounts Payable – Debit; Utilities Expense – Credit
Which of the following is the appropriate entry to record the declaration of cash dividends?
A) Dividends Payable - DebitCash - Credit B) Additional Paid-in Capital - DebitDividends Payable - Credit C) Dividends - DebitDividends Payable - Credit D) Retained Earnings - DebitCash - Credit
Eli Corporation issued $200,000 of 10-year bonds on January 1 . The bonds pay interest on January 1 and July 1 and have a stated rate of 1 . percent. If the market rate of interest at the time the bonds are sold is 8 percent, what will be the issuance price of the bonds?
a. $175,078 b. $211,283 c. $215,902 d. $227,183
Formal charges may take the form of:
a. an information. b. a warrant. c. an indictment. d. a grand jury. e. Both a and c