The block code is the coding scheme most appropriate for a chart of accounts

Indicate whether the statement is true or false


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Business

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Vance comes from the lower-upper class as does Jeff. They are both madly in love with Julia, who is beautiful enough to do part-time modeling. According to the principle of ________, Julia could be attracted to both men

A) elaborated codes B) ascribed status C) homogamy D) restricted codes

Business

In indirect channel systems, the business interfaces with customers at all contact points and retains ownership of the product until delivery

Indicate whether the statement is true or false

Business

Which of the following is an archive file?

a. an accounts payable subsidiary ledger b. a cash receipts file c. a sales journal d. a file of accounts receivable that have been written off

Business

On November 19, Nicholson Company receives a $22,800, 60-day, 5% note from a customer as payment on account. What adjusting entry should be made on the December 31 year-end? (Use 360 days a year.)

A. Debit Notes Receivable $133; credit Interest Receivable $133. B. Debit Interest Receivable $190; credit Interest Revenue $190. C. Debit Interest Revenue $190; credit Interest Receivable $190. D. Debit Notes Receivable $57; credit Interest Revenue $57. E. Debit Interest Receivable $133; credit Interest Revenue $133.

Business