In Anglo-Saxon society, men were put into groups of ten, known as a "tithing" and were individually held responsible for any injury caused by any member of the group. This is the forerunner of the idea of business partnerships
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
On October 1, Black Company receives a 9% interest-bearing note from Reese Company to settle a $20,000account receivable. The note is due in six months. At December 31, Black should record interest revenue of
a. $0 b. $450 c. $900 d. $1,800
Cash received in advance of providing goods or performing services is recorded as ________.
A) Unearned Revenue B) Accrued Revenue C) Service Revenue D) Uncollected Revenue
Hundreds of millions of people are themselves supplying personal information to businesses through the use of personal social media accounts.
Answer the following statement true (T) or false (F)
Large gaps between price levels are a major problem associated with multiple-unit pricing
Indicate whether the statement is true or false