The balance sheet is linked to the retained earnings statement by the ending retained earnings balance
a. True
b. False
Indicate whether the statement is true or false
True
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The inventory master data normally contains standing data about each customer, such as name, billing and ship-to addresses, and telephone number
Indicate whether the statement is true or false
Answer the following statements true (T) or false (F)
1. Chronological transitions help the listener understand the time relationship between the first main point and the one that follows 2. Causal transitions help show the cause-and-effect relationships between the ideas. 3. You should use your extemporaneous outline the first time you practice your speech. 4. A practice speech is necessary; it acts as an oral rough draft of your presentation.
The calendar year-end adjusted trial balance for Blessinger Co. follows:BLESSINGER CO.Adjusted Trial BalanceDecember 31Cash$ 112,000?Accounts receivable27,000?Prepaid rent15,000?Prepaid Insurance9,000?Office supplies3,300?Office equipment38,000?Accumulated depreciation-Equipment?$3,200Building288,000?Accumulated depreciation-Building?42,000Land700,000?Accounts payable?25,800Salaries payable?14,500Interest payable?2,500Long-term note payable?72,000Common stock?200,000Retained earnings?710,000Dividends200,500?Service fees earned?430,800Salaries expense90,000?Insurance expense5,200?Rent expense5,000?Depreciation expense-Equipment800?Depreciation expense-Building7,000?Totals$1,500,800$1,500,800Required:(a) Determine the amounts of current assets
and current liabilities. (Note: A $9,000 installment on the long-term note payable is due within one year.)(b) Calculate the current ratio. Comment on the ability of Blessinger Co. to meets its short-term debts. What will be an ideal response?
Any private party may sue for an injunction to enforce any Consumer Product Safety Commission (CPSC) rule or order, even if at the time of the suit the CPSC or the attorney general has initiated an action based on the alleged violation.
Answer the following statement true (T) or false (F)