Why do firms benefit from prompt payments?
What will be an ideal response?
It reduces the amount of accounts receivable that is counted as a liability.
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The business of customer service is all about ________.
A. achieving profits B. one-way communication C. people D. discouraging feedback
Montgomery Corporation has excess cash to invest and pays $200,000 to buy 7%, five-year bonds of Richmond Corporation, at face value, on June 30, 2018. The bonds pay interest on June 30 and December 31. Montgomery intends to hold the bonds to maturity and has the ability to hold the bonds to maturity. The bonds are disposed of, at face value, on June 30, 2023.
Prepare the journal entry for June 30, 2018 (omit the explanation).
Discuss the important accounting features of a periodic inventory system including accounts and procedures used.
What will be an ideal response?
Supporters of globalization generally argue that it is the best strategy for advancing the world's economic development.
Answer the following statement true (T) or false (F)