Which of the following employers might offer you a SEP?
A) Al's Gas Station
B) Ford Motor Company
C) U.S. Army
D) General Electric
Answer: A
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Rosiland, Inc. purchases 16,000 shares of its previously issued $2 par value common stock for $460 per share. Which of the following is the correct journal entry to record this transaction?
A) Debit Common Stock—$2 Par Value $7,360,000, and credit Cash $7,360,000. B) Debit Cash $7,328,000, and credit Paid-In Capital in Excess of Par—Common $7,328,000. C) Debit Cash $7,328,000, and credit Treasury Stock—Common $7,328,000. D) Debit Treasury Stock—Common $7,360,000, and credit Cash $7,360,000.
Financial accounting's main emphasis is on full and accurate accounting for and disclosure of a company's operating results
Indicate whether the statement is true or false
Which type of question offers no restrictions on the type of response that is expected?
A. directed B. leading C. open-ended D. secondary
Which of the following must a promissory note contain to make it negotiable?
A) an acknowledgement of debt B) an implied promise to pay C) an unconditional promise to pay D) a promise to negotiate