Which of the following is NOT true about money market accounts?
A) A minimum balance must be kept in the account for the term specified.
B) The interest rate paid is fixed for short periods of time.
C) A small number of checks may be written against the account.
D) Money market accounts typically offer lower interest rates than regular savings accounts.
D
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Lincoln Company engaged in this transaction: Declared and issued the required dividend on preferred stock. Indicate which section, if any, the above transaction would appear in, or relate to, on a statement of cash flows
A) Financing activities section. B) Operating activities section. C) Does not represent a cash flow. D) Investing activities section.
Standards that provide for no human limitations or operating delays are referred to as ______________________________
Fill in the blank(s) with correct word
All of the following are true statements about Confucianism EXCEPT ______.
A. advocates for the Golden Rule B. promotes personal virtue or character C. emphasizes that people are social creatures D. forbids making a profit
In January, a company pays for advertising space in the local paper for ads to be run during the months of January, February, and March at $1520 a month. The journal entry to record the payment would debit:
A. Accounts Payable and credit Stockholders' Equity for $4560. B. Advertising Expense for $1520, debit Prepaid Advertising for $3040, and credit Cash for $4560. C. Cash for $4560, credit Advertising Expense for $1520, and credit Prepaid Advertising for $3040. D. Accounts Payable and credit Cash for $4560.