A company depreciates its equipment $500 a year. The adjusting entry for December 31 is debit Depreciation Expense, $500 and credit Equipment, $500
Indicate whether the statement is true or false
False
You might also like to view...
Nonverbal communication often includes a few words
Indicate whether the statement is true or false
Which of the following statements is MOST correct concerning diversification and risk?
A) Proper diversification generally results in the elimination of risk. B) Risk-averse investors often choose companies from different industries for their portfolios because the correlation of returns is less than if all the companies came from the same industry. C) Risk-averse investors often select portfolios that include only companies from the same industry group because the familiarity reduces the risk. D) Only wealthy investors can diversify their portfolios because a portfolio must contain at least 50 stocks to gain the benefits of diversification.
When does a firm incur holding costs? When does it incur stock-out costs?
What will be an ideal response?
Which of the following represents a valid Regulation A Tier 1 offering?
A. selling $3 million of securities in any 12-month period with a $250,000 individual investor limit B. selling $10 million in securities in any 12-month period; investors can't buy more than 10% of their annual income or net worth C. selling $20 million of securities in any 12-month period with no individual investor limit D. selling $20 million in securities in any 12-month period; investors can't buy more than 5% of their annual income or net worth