Diverse regulatory practices necessarily apply to transborder data flow (TDF) regulations
Indicate whether the statement is true or false
False
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When a business is organized into departments, responsibility of each department should be assigned to a specific manager
Indicate whether the statement is true or false
Marco Insurance acquired shares of Penny Systems' common stock on December 28, 2013, for $400,000 and classified them as trading securities. The fair value of these securities on December 31, 2013, was $402,000 . Marco Insurance sold these shares on January 3, 2014, for $405,000. (Refer to the Marco Insurance) The journal entries to record acquisition of trading securities on December 28, 2013
a. Cash..................................................... 400,000 Marketable Securities.....................................400,000 b. Other Comprehensive Income..............400,000 Marketable Securities.....................................400,000 c. Marketable Securities..........................400,000 Other Comprehensive Income....................... 400,000 d. Marketable Securities..........................400,000 Cash................................................................400,000 e. Marketable Securities..........................400,000 Net Income.....................................................400,000
Bonita Company estimates uncollectible accounts using the allowance method at December 31. It prepared the following aging of receivables analysis. ???DaysPastDue??TotalCurrent1 to 3031 to 6061 to 90Over 90Accounts receivable$110,00068,00017,00010,0008,0007,000Percent uncollectible?1%2%5%8%13%a. Estimate the balance of the Allowance for Doubtful Accounts using the aging of accounts receivable method.b. Prepare the adjusting entry to record Bad Debts Expense using the estimate from part a. Assume the unadjusted balance in the Allowance for Doubtful Accounts is a $550 credit.c. Prepare the adjusting entry to record Bad Debts Expense using the estimate from part a. Assume the unadjusted balance in the Allowance for Doubtful Accounts is a $300 debit.
What will be an ideal response?
The air mode of transportation is ideal when ______.
a. the delivery speed or reliability is critical b. the goods to be transported have a low value-to-weight ratio c. the quantity of goods to be transported is high d. the goods to be transported are hazardous in nature