ATM provides quality-of-service for voice
Indicate whether the statement is true or false
TRUE
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A number of factors combine to make Russia an excellent location for an alliance which do not include:
A) a well-educated workforce. B) quality is important to Russian consumers. C) abundance of supplies. D) potential for economic growth. E) potential for growth in service sector.
All of the following are considered to be long-term liabilities for Parsons Company except:
a. Bonds issued this year (due in 10 years). b. The third year payments for a three-year lease signed this year. c. The current year portion of Deferred taxes. d. The principal of a note payable signed this year, but due in five years.
Which of these elements determine the existence of a bailment?
a. A separation of ownership and possession of the property. b. A duty on the party in possession to redeliver the identical property to the owner or to dispose of it according to the owner's directions. c. Neither of these. d. Both a separation of ownership and possession of the property and also a duty on the party in possession to redeliver the identical property to the owner or to dispose of it according to the owner's directions.
Lexington Company engaged in the following transactions during Year 1, its first year in operation: (Assume all transactions are cash transactions.) 1. Acquired $4800 cash from issuing common stock. 2. Borrowed $3100 from a bank. 3. Earned $4000 of revenues. 4. Incurred $2580 in expenses. 5. Paid dividends of $580. Lexington Company engaged in the following transactions during Year 2: (Assume all transactions are cash transactions.) 1. Acquired an additional $1400 cash from the issue of common stock. 2. Repaid $1930 of its debt to the bank. 3. Earned revenues, $5400. 4. Incurred expenses of $3110. 5. Paid dividends of $1720. What is the amount of total assets that will be reported on Lexington's balance sheet at the end of Year 1?
A. $1700 B. $8740 C. $8520 D. $3980