Which of the following entries records the payment of an account payable?
A) debit Cash; credit Accounts Payable
B) debit Accounts Receivable; credit Cash
C) debit Cash; credit Supplies Expense
D) debit Accounts Payable; credit Cash
D
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In which of the following situations is the seller a merchant under Article 2 of the UCC?
A. Paul, a full-time college student, sold his textbooks to State Bookstore. B. Randall, a part-time college student and full-time father, sold his textbooks to a friend. C. Zompa Inc., a toy manufacturer, contracted to sell dolls to TonTon Department Store. D. Mabel, a stay-at-home mom, sold her car to her friend Gloria.
Corporations often sell, or exchange for goods and services, various call options on their shares. The excess of the exercise price over the market price is the option's intrinsic value
Indicate whether the statement is true or false
The ________ is a federal law that mandates the president of the United States to suspend, prohibit, or dismantle the acquisition of U.S
businesses by foreign investors if there is credible evidence that the foreign investor might take action that threatens to impair the "national security." A) Williams Act B) Securities Exchange Act of 1934 C) Investment Company Act of 1940 D) Exon-Florio Foreign Investment Provision
Centralized operations are better for small companies due to the smaller scope of their operations
Indicate whether the statement is true or false