Common or preferred stocks are often called equities
a. True
b. False
Indicate whether the statement is true or false
True
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Ryan Company deposits all cash receipts on the day they are received and makes all cash payments by check. Ryan's June bank statement shows $26,361 on deposit in the bank. Ryan's comparison of the bank statement to its cash account revealed the following: Deposit in transit3050?Outstanding checks1269?Additionally, a $38 check written and recorded by the company correctly, was recorded by the bank as a $83 deduction.The adjusted cash balance per the bank records should be:
A. $28,097 B. $28,187 C. $22,087 D. $28,142 E. $30,725
Mohr Company purchases a machine at the beginning of the year at a cost of $24,000. The machine is depreciated using the straight-line method. The machine's useful life is estimated to be 5 years with a $4,000 salvage value. Depreciation expense in year 2 is:
A. $9,600. B. $20,000. C. $0. D. $4,800. E. $4,000.
Hedging for currency risk is only for large businesses with established international operations.
Answer the following statement true (T) or false (F)
Increasingly, knowledge management will make use of a Web-based workflow
Indicate whether the statement is true or false.