While text messaging is considered rude in many situations, it can be useful for some business tasks
Indicate whether the statement is true or false
True
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Which of the following is a possible drawback of a bank run??
A. ?It leaves the banks with excess reserves. B. ?It leads to a fall in investment activities because of lack of loans available to business firms. C. ?It leads to a fall in the demand for loans by the business firms. D. ?It leads to an excessive increase in the supply of money by the banks.
A company pays $360 for a yearly trade magazine on August 1. The adjusting entry on December 31 is debit Unearned Subscription Revenue, $150 and credit Subscription Revenue, $150
Indicate whether the statement is true or false
Which of the following occurs if both a principal and an agent cannot agree on the compensation?
A) The principal is no longer bound by the duty of compensation. B) Compensation will be calculated on the basis of what is reasonable or customary. C) Compensation will be calculated according to government wage rates. D) Compensation will be determined by the full faith and credit clause of the U. S. Constitution.
Lateral filing equipment consumes less space than a comparably sized standard filing cabinet
Indicate whether the statement is true or false.