During the month, Metropolitan Masonry paid $900 to settle warranty claims. Metropolitan uses an estimated warranty account. The journal entry to record the claims payment would have been:
A) debit Warranty expense, $900; credit Cash, $900.
B) debit Warranty expense, $900; credit Estimated warranty payable, $900.
C) debit Estimated warranty payable, $900; credit Warranty expense, $900.
D) debit Estimated warranty payable, $900; credit Cash, $900.
D) debit Estimated warranty payable, $900; credit Cash, $900.
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The process that brings businesses into greater contact with the rest of the world and gives our daily lives an increasingly international orientation is known as
a. globalization. b. convergence. c. global unity. d. economic unification.
The types of thoughts that a runner has that involve focusing on naturally rewarding aspects of the activity are:
a. praise from others on physical condition and exhaustion b. potentially longer life due to improved health and blisters c. potentially longer life and praise from others on physical condition d. heat, sweat, and sore muscles
Group cohesion can improve performance because:
a. Cohesive teams are more likely to accept the team’s goals. b. Cohesive teams foster intergroup competition. c. Cohesive teams are less likely to comply with group norms. d. Cohesive groups foster competition between members.
A plaintiff can appeal for the extension of the statute of limitations and sue the defendant
Indicate whether the statement is true or false