The sales account is credited for the selling price of merchandise sold during the period
Indicate whether the statement is true or false
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Green Services, Inc invests its excess cash in Creative Technologies, Inc and acquires 6,000 shares for $61
75 per share. Green Services, Inc owns less than 2% of Creative's voting stock and plans to hold the stock for two years. While preparing the journal entry to record this transaction, ________. A) Long-term Investments-Available-for-Sale is debited for $370,500 B) Long-term Investments-Held-to-Maturity is debited for $370,500 C) Long-term Investments-Trading Investments is credited for $370,500 D) Long-term Investments-Significant Interest Investments is debited for $370,500
One is legally required to stop along public highways and to assist persons who appear to have car trouble or who are apparently victims of an accident
Indicate whether the statement is true or false
How do you determine whether two interval variables have a positive linear relationship?
A. Most of the points fall close to a straight line with positive slope. B. As the X variable increases, the Y variable increases in a linear way. C. The scatter diagram shows a linear pattern that is going uphill. D. All of these choices are true.
Often, the sum of the initial estimated costs is greater than the amount of funds budgeted by the sponsor. What should be done to arrive at an acceptable budget amount?
a. Cut the cost of the highest priced activity in half until the budget is reached. b. Trade experienced and efficient resources for less experienced and less efficient resources. c. Revise the budget expecting that several iterations may need to be made to reduce the costs. d. Extend the scope of the project.