Adjusting entries entered on the work sheet and recorded in the general journal do not have to be posted to the general ledger
Indicate whether the statement is true or false
F
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Medina Enterprises The following selected financial information is available for Medina for the year ended December 31, 2012. Net sales $450,000 Inventory, 1/1/12 $48,400 Cost of goods sold 299,500 Inventory, 12/31/12 49,670 Refer to the information provided for Medina Enterprises. Calculate Medina's days-in-inventory ratio
A) 58.98 days B) 60.53 days C) 39.77 days D) 59.76 days
Which of the following is true of a minor's right to disaffirm a contract?
A) A minor must reach the age of majority to disaffirm a contract. B) Contracts that come under the necessaries of life can be disaffirmed by minors. C) Minors are exempt from duty of restoration during the period of minority. D) A minor can expressly disaffirm a contract orally or in writing.
Answer the following statements true (T) or false (F)
1. Businesses that adopt the shareholder model must, by definition, pursue short-run profits. 2. A stakeholder perspective argues that while shareholders have important rights, there are other constituents toward whom a company should demonstrate responsibility and concern. 3. Executive stock option plans encourage businesses to take a more long run approach to profit maximization. 4. Financialization is a term used to describe the shareholder models' emphasis on short term profits rather than, say, the delivery of valued or needed goods and services. 5. Financialization is a business strategy that focuses on implement cost-cutting measures followed by leveraged buyouts.
To be negotiated, bearer paper must simply be delivered to the recipient
a. True b. False Indicate whether the statement is true or false