________ is the process of determining if a suspect is to become a prospect.
A. Scheduling
B. Networking
C. Characterizing
D. Routing
E. Qualifying
Answer: E
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Considering Qualitative Factors What are the considerations that may cause a quantitatively small misstatement to be considered material?
If the accountant cannot objectively measure the value of the stock warrants separately from the value of the bond or preferred stock at date of issuance, the accountant credits
a. the full purchase price to the bond or preferred stock and none of the price to the common stock warrant. b. 95 percent of the purchase price to the bond or preferred stock and 5 percent of the price to the common stock warrant. c. 90 percent of the purchase price to the bond or preferred stock and 10 percent of the price to the common stock warrant. d. 85 percent of the purchase price to the bond or preferred stock and 15 percent of the price to the common stock warrant. e. 80 percent of the purchase price to the bond or preferred stock and 20 percent of the price to the common stock warrant.
On May 22, Jarrett Company borrows $7,500 from Fairmont Financing, signing a 90-day, 8%, $7,500 note. What is the journal entry needed to record the transaction by Jarrett Company?
A. Debit Accounts Payable $7,500; credit Notes Payable $7,500. B. Debit Cash $7,500; credit Notes Payable $7,500. C. Debit Cash $7,650; credit Notes Payable $7,650. D. Debit Cash $7,500; credit Accounts Payable $7,500. E. Debit Notes Receivable $7,500; credit Cash $7,500.
Relationship selling is increasingly important since very few firms can survive on the profits generated from one-time transactional sales.
Answer the following statement true (T) or false (F)