An oral contract to sell a house is binding if:
A) the agreement is witnessed by a member of the clergy
B) there is a tape recording of the agreement.
C) the buyer paid the price and received the deed of conveyance.
D) the seller is a merchant.
C
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A company's weekly payroll amounts to $50,000 and payday for the week is every Friday. Employees work five days per week, Monday through Friday. The appropriate journal entry was recorded at the end of the accounting period, Monday, March 31, 2016 . What amount is wages expense for April for the payday, Friday, April, 4, 2016?
a. $ -0- b. $40,000 c. $10,000 d. $50,000
A responsibility accounting system should include the revenues and costs under a division manager's control
Indicate whether the statement is true or false
Intermediate scrutiny is applied when the classification is based on a protected class other than race, color, or national origin
Indicate whether the statement is true or false
Which of the following is a measure of how quickly an item can be converted to cash?
A) Debt ratio B) Current ratio C) Liquidity D) Accounting cycle