What journal entry must be prepared when the company is notified by the bank that a customer's check that had been deposited in the amount of $776 was returned NSF?
A. Debit Cash and credit Accounts Receivable in the amount of $776.
B. Debit NSF Check Expense and credit Accounts Receivable in the amount of $776.
C. Debit Accounts Receivable and credit Cash in the amount of $776.
D. No journal entry is necessary.
Answer: C
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Pseudo Drugs Inc. is convicted of trafficking in counterfeit prescription drugs. As a penalty, the company may be ordered to pay restitution to the trademark holders in an amount equal to
A. their lost net profits. B. the retail prices of the genuine drugs. C. Pseudo’s profits from the sale of the counterfeit drugs. D. the retail prices of the counterfeit drugs.
Credibility is best defined as the:
A. level of preparation required to create an appropriate environment for the respondents participating in a research. B. degree to which research data is qualitative or quantitative in nature. C. degree to which a specific investigated issue leads the respondent to give a socially expected response. D. degree of rigor, believability, and trustworthiness established by qualitative research. E. degree to which the results of a research are socially acceptable.
Briefly describe nonrepudiation and its importance for EC and electronic transactions
What will be an ideal response?
What is the rollback value if the product is approved by the FDA?
A) $3,900 B) $1,499 C) $1,955 D) $2,795