The journal entry to record the interest income from an annuity would include a
A. debit to interest income.
B. credit to interest income.
C. debit to interest expense.
D. None of the above.
Answer: B
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Which of the following is not a proper description with respect to the financial accounting and reporting of income taxes?
A. A net operating loss carryforward does not have any impact on income tax expense for the year the loss occurs. B. A permanent difference does not create a deferred tax asset or liability. C. Income tax expense changes during the year that future tax rate increases are enacted. D. An originating temporary difference will eventually create a reversing temporary difference.
An operating segment is significant and reportable if it satisfies at least one of three tests. Which of the following is not one of those three tests?
A) profit test B) revenue test C) asset test D) ratio test
Which of the following is an example of marketing through social media?
A) a leading brand of sports shoes sponsors the soccer world cup B) a software company organizes a cancer awareness camp free for all C) a new department store in your neighborhood that relies on people to spread the word D) a newspaper article talks about the pollution control processes put in place by a steel manufacturing giant E) a leading car manufacturer advertises the new model on facebook
Make _______________ and set up an achievable schedule
a. task assignments b. estimates c. a calendar d. an inventory list