A(n) _____ committee is a temporary committee formed for a particular purpose
Fill in the blank(s) with correct word
ad hoc
An ad hoc committee is a temporary committee formed for a particular purpose, such as a
grievance committee.
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Genuine Parts received a promissory note from a customer on March 1, 2015 . The face amount of the note is $8,000; the terms are 90 days and 9% interest. At the maturity date, the customer pays the amount due for the note and interest. What entry is required on the books of Genuine Parts on the maturity date assuming none of the interest had already been recognized?
a. Increase Cash, $8,000, and decrease Notes Receivable $8,000 b. Increase Cash, $8,180, increase Interest Revenue, $180, and decrease Notes Receivable, $8,000 c. Increase Cash $8,720, decrease Notes Receivable $8,000, and increase Interest Revenue, $720 d. No entry is required; the customer pays the amount due to the bank
The largest organized echange, listing the largest firms is
a. New York Stock Exchange. b. American Stock Exchange. c. Midwest Stock Exchange. d. Pacific Stock Exchange.
Which statement about semicolons is inaccurate?
A) Semicolons tell readers that two closely related ideas should be thought of together. B) The most basic use of the semicolon occurs in compound sentences. C) A semicolon is a weaker punctuation mark than a comma.
The accounting records of Younkin Corporation revealed the following selected costs: Sales commissions, $65,000; plant supervision, $190,000; and administrative expenses, $185,000. Younkin's period costs total:
A. $440,000. B. $250,000. C. $185,000. D. $375,000. E. $255,000.