The Fair and Accurate Credit Transactions Act (FACTA) of 2003 permits credit reporting companies to place fraud alerts in their credit files
Indicate whether the statement is true or false
FALSE
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_____________________depreciation is the GAAP depreciation method considered to be "accelerated" in nature
Fill in the blank(s) with correct word
The Lone Cactus Nursery has the following general ledger account balances as of August. Purchases$56,211Freight In3,000Purchases Returns and Allowances500Purchases Discounts300Calculate the net delivered cost of purchases for August.
What will be an ideal response?
On December 1, Victoria Company signed a 90-day, 6% note payable, with a face value of $15,000. Assuming the company does not prepare reversing entries, what is the journal entry to record the repayment of the note on March 1?
A. Debit Notes Payable, $15,000; Debit Interest Expense, $225; Credit Cash, $15,225. B. Debit Notes Payable, $15,000; Debit Interest Expense, $150; Debit Interest Payable, $75; Credit Cash, $15,225. C. Debit Notes Payable, $15,000; Credit Cash, $15,000. D. Debit Notes Payable, $15,075; Debit Interest Expense, $150; Credit Cash, $15,225. E. Debit Notes Payable, $15,225; Credit Cash, $15,225.
Which of the following is a factor contributing to new-venture failure?
a. product/market problems b. family issues c. personality clashes d. good management/poor product