The drawer is the person on whom the order to pay a draft is made
Indicate whether the statement is true or false
False
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The benefits of transportation by pipeline include ______.
A. more disruptions from inclement weather B. more worker strikes and absenteeism C. safety and security D. the need to switch transportation points
Most "conventional" retailers are single-line or limited-line stores that have very low expenses relative to sales.
Answer the following statement true (T) or false (F)
Tuckahoe Corporation accepted credit cards for $38,000 of services performed in March Year 1. The credit card company charged a 3½% service fee and paid Tuckahoe as soon as it received the credit card receipts.Required:a) Prepare the general journal entry to record performance of the services.b) Prepare the general journal entry for collection of the receivable from the credit card company.
What will be an ideal response?
The 11 "titles" in the Sarbanes-Oxley Act of 2002 establish standards for accountability and responsibility of financial reporting information for major corporations. Which of the following activities does the act provide rules that a corporation must abide by??
A. The corporation must have a committee that consists of an internal director nominated from the board to oversee the firm's audits.? B. ?The corporation's internal auditor will render an unbiased (independent) opinion concerning the firm's financial statement. C. ?The corporation must maximize social welfare through funding of environmentally friendly activities. D. ?The corporation must provide additional information about the procedures used to construct and report financial statements. E. ?The firm's CEO and CFO must certify audit reports submitted to the Securities Exchange Commission.