A technological challenge to information systems is the way characters are usually represented by _____ in computers.
A. whole words
B. bytes
C. Unicode
D. bits
Answer: B
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Which of the following is included in the cost of land?
a. outdoor parking lot lighting attached to the land b. cost of paving a parking lot c. fences on the land d. brokerage commission
The purchase of treasury stock will result in
a. no net changes in assets, liabilities, or stockholders' equity. b. a decrease in assets and a decrease in stockholders' equity. c. a decrease in one asset account and an increase in a different asset account. d. a decrease in assets and a decrease in liabilities.
Which of the following is the most risky for an importer?
A. Irrevocable letter of credit B. Cash in advance C. Consignment D. Bank collection time draft E. Open account
Crossland Corporation reported sales on its income statement of $435,000. On the statement of cash flows, which used the direct method, sales adjusted to a cash basis were $455,000. Crossland Corporation reported the following account balances on its balance sheet for the year: Ending BalanceBeginning BalanceAccounts receivable$30,000 ? Prepaid expenses$14,000 $11,000 Inventory$18,000 $20,000 Based on this information, the beginning balance in accounts receivable was:
A. $30,000 B. $40,000 C. $50,000 D. $20,000