The three Cs of credit are character, capacity, and collateral
Indicate whether the statement is true or false
TRUE
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List the three levels of need awareness.
What will be an ideal response?
Manhattan Company recorded an adjusting entry to accrue interest owed of $300 as of December 31, Year 1. When the related note was paid during Year 2, the company paid $450 in interest. Which of the following journal entries correctly records this Year 2 transaction? (Assume that the entry to record the payment of the note itself was recorded in a separate journal entry.)
A.
| Interest Expense | 450 | |
| Cash | 450 |
B.
| Interest Expense | 150 | |
| Cash | 150 |
C.
| Interest Expense | 450 | |
| Cash | 300 | |
| Interest Payable | 150 |
D.
| Interest Expense | 150 | |
| Interest Payable | 300 | |
| Cash | 450 |
Communications technologies using data networks have essentially
replaced telephone networks in today's business settings. Indicate whether the statement is true or false
Someone who gains unauthorized access to a computer system best describes a
A) hacker. B) network technician. C) cyberwarrior. D) cyberseeker.