Which is NOT an example of current assets?
A) Marketable securities
B) Intangible assets
C) Prepaid expenses
D) Trade receivables
B
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What journal entry format is appropriate if sales returns and allowances occur on factored accounts?
A) Sales Returns and Allowances XXReceivable from Factor XX B) Receivable from Factor XXFactoring Expense XX C) Sales Returns and Allowances XXFactoring Expense XX D) Factoring Expense XX Sales Returns and Allowances XX
Which of the following would not be an account in the general ledger of a corporation?
a. Dividends Payable b. Retained Earnings c. Additional Paid-in Capital d. Dividends in Arrears
Online brokers, such as Charles Schwab, have added value for their customers by providing them with access to information that they did not previously have under the traditional business model
This is an example of which "C" that applies to Web site design? a. content b. community c. customization d. commerce e. cannibalization
If Jack contributed $1000 as a limited partner, signed a certificate, but the certificate was filed in the wrong office, Jack:
a. will not be liable as a general partner if he quickly withdraws from the business and renounces future profits. b. is not a partner at all and may withdraw his contribution. c. cannot avoid liability as a general partner under any circumstances. d. may become a limited partner by giving constructive notice of the defective filing to all potential business contacts by an advertisement in a publication of general circulation.