The income tax liability account will be debited when a corporation makes a quarterly estimated tax payment

Indicate whether the statement is true or false


F

Business

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The bank charged a service fee of $55. How would this information be included on the bank reconciliation?

A) a deduction on the bank side B) an addition on the book side C) a deduction on the book side D) an addition on the bank side

Business

Shopping products that a customer sees as basically the same and wants at the lowest price are homogeneous shopping products.

Answer the following statement true (T) or false (F)

Business

OPEC is: A) a treaty among the EU, the Arab nations and the U.S

B) an international environmental NGO. C) an oil cartel. D) disbanded.

Business

Which of the following would be considered a fixed asset?

A) Land B) Patents C) Timber D) Both A and C are fixed assets.

Business