Who issues the hold on your account when making a gas purchase?
A) Gas Station
B) Your Bank
C) Credit Bureau
D) IRS
E) Government
B) Your Bank
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The principal of the note is the face amount that the maker promises to pay at maturity
Indicate whether the statement is true or false
Which act limits consumers' liability for fraudulent credit card charges?
a. Identity Theft and Assumption Deterrence Act b. Fair Credit Billing Act c. Family Education Rights and Privacy Act d. Fair Credit Reporting Act
For location decisions, in contrast to service companies, manufacturing firms generally look for ______.
A. revenues B. cost minimization C. volumes sold D. traffic volumes and patterns
At December 31 . 2014, Ambrose Sales & Service has a $100,000, 120-day note payable outstanding. The company has followed the policy of replacing the note rather than repaying it over the last three years. The company's treasurer says that this policy is expected to continue indefinitely, and the arrangement is acceptable to the bank to which the note was issued. The proper classification of the
note on the December 31 . 2014, balance sheet is a. dependent on the intention of management. b. dependent on the actual ability to refinance. c. current liability, unless specific refinancing criteria are met. d. noncurrent liability.