On October 1, 2012, Zane Corporation paid $18,000 rent in advance. The rent per month is $1,500. If Zane's accounting period ends on December 31, 2012, what will be reported on the financial statements?
A) Prepaid Rent of $13,500 on its balance sheet at December 31, 2012
B) Prepaid Rent of $18,000 on its balance sheet at December 31, 2012
C) Rent Expense of $18,000 on its 2012 income statement
D) Rent Revenue of $13,500 on its 2012 income statement
A
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Proponents of this approach to using culture to understand international negotiations recognize that negotiation behavior is determined by multiple factors, and using culture as the sole explanation of behavior is oversimplifying a complex social process.
A. culture as a dialectic B. culture in context C. culture as a learned behavior D. culture as shared values
According to a rule of thumb, the cost of installing the system is about ________ times the ERP license costs
A) two B) six C) ten D) twenty E) none of the above
Which of the ten knowledge areas defined in the Project Management Body of Knowledge includes the processes required to ensure that the project includes all the work required, and only the work required, to complete the project successfully?
a. Project scope management b. Project quality management c. Project communications management d. Project stakeholder management
Candy Cane opened an ice cream store on June 1 and hired an accounting intern to help her establish the business. The intern has identified the following transactions. Which of these transactions is not an accounting transaction?
A. Paid June rent of $2,300 B. Purchased $3,400 of milk and cream from a local dairy C. Signed a contract to deliver $1,200 of ice cream for a July 4th party D. Borrowed money from the bank by signing a promissory note for $5,000