The identification number found on forms is generally located in the
A. Lower right corner.
B. Lower left corner.
C. Upper left corner.
D. Upper right corner.
B
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Llama Company signed a new $36,000 three-year lease beginning October 1, Year 1, for a storage facility for holding merchandise inventory. On October 1, Year 1, Llama Company recorded the first year's payment of $12,000 in the Prepaid Rent account. There was no balance in the Prepaid Rent account prior to this entry. Llama Company records adjustments only at the calendar year end. At December 31,
Year 1, the adjusting entry needed to accurately reflect the correct balances in the Prepaid Rent and Rent Expense accounts would be to debit: a. Prepaid Rent for $12,000 and credit Rent Expense for $12,000 b. Rent Expense for $12,000 and credit Prepaid Rent for $12,000 c. Prepaid Rent for $3,000 and credit Rent Expense for $3,000 d. Rent Expense for $3,000 and credit Prepaid Rent for $3,000 e. Prepaid Rent for $9,000 and credit Rent Expense for $9,000
Discuss the reasons why organizations and managers at all levels are prone to inertia and slow to learn, adapt and change.
What will be an ideal response?
Generally, people buy one product or service instead of another because they
A. want to get the lowest price possible. B. prefer to avoid doing extended problem solving. C. perceive it to be the better value for them. D. have conducted a thorough internal search for information. E. are unaware of key determinant attributes.
A method of accomplishing a property transfer without a will is through the joint ownership of property
Indicate whether the statement is true or false