The list of goods subject to restricted export licenses is known as:
a. the Commodity Control List b. the Export Control List
c. the Restricted Goods List d. the No Export List
e. the Commerce Control List
a
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A company has $200 in cash, $500 in accounts receivable, and $700 in inventory. If current liabilities are $400, then the quick ratio would be
a. 1.75 to 1 b. 2.25 to 1 c. 3.00 to 1 d. 3.50 to 1
Joan pays Eva $60,000 for her $40,000 interest in a partnership. The entry to record the sale on the partnership books is:
A) Eva, Capital 60,000 Joan, Capital 60,000 B) Joan, Capital 60,000 Eva, Capital 60,000 C) Eva, Capital 60,000 Cash 60,000 D) Eva, Capital 40,000 Joan, Capital 40,000
In Chuway v. National Action Financial Services, where Chuway received a letter from debt collector National that requested payment of the amount she owed on a debt, the appeals court held that the debt collector:
a. violated the FDCPA by sending the plaintiff multiple letters after she requested they stop b. used reasonable language for the situation and so did not violate the FDCPA c. did not violate the FDCPA because the language of the letter was clear d. clearly used safe harbor language and so did not violate the FDCPA e. none of the other choices are correct
Depreciation helps keep the accounting equation in balance by matching the expense of a liability with the revenue that liability is expected to generate
Indicate whether the statement is true or false