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Answer the following statement true (T) or false (F)
True
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During 2016, Blueberry, Inc recovered and collected $4,200 from an account that had been written off for over a year. At the end 2016, prior to the adjusting entry for bad debt expense, Blueberry, Inc's balances for Accounts Receivable and Allowances for Doubtful Accounts were $750,000 (debit) and $5,500 (credit), respectively. After the bad debt expense entry was posted, the net realizable value
of accounts receivable was $675,000. Bad debt expense for the 2016 was A) $69,500 B) $73,200 C) $79,200 D) $80,500
Under Section 11(a) of the 1933 Act, accountants are:
A. liable only if privity of contract is with the purchaser. B. liable only to purchasers who relied upon the omissions or falsities in the registration statements. C. liable for defective registration statements unless they can prove that they exercised due diligence. D. not liable to any purchaser of securities issued pursuant to a defective registration statement.
In which of the following situations is the use of native dynamic SQL considered inappropriate?
A. The number and types of columns to be used is not known. B. The number and type of bind variables is known. C. You want to perform DDL. D. You are executing the statement only once or twice.
The strategy and structure of a firm change as the firm increases in size, diversifies into new product markets, and limits its geographic scope.
Answer the following statement true (T) or false (F)