Portals that store data and enable users to navigate and query these data are
A) collaborative portals.
B) information portals.
C) mobile portals.
D) MRO portals.
B
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For an action to be called fraudulent, all of the following conditions are required except
a. poor judgment b. false representation c. intent to deceive d. injury or loss
Which of the following ratios is given the highest significance rating by commercial loan officers?
a. Inventory Turnover In Days b. Degree of Financial Leverage c. Times Interest Earned d. Fixed Charge Coverage e. Debt/Equity
By piercing the company veil, a court exposes the shareholders of the company to personal liability
Indicate whether the statement is true or false
On July 1 of the current calendar year, Olive Co. paid $8700 cash for management services to be performed over a two-year period beginning July 1. Olive follows a policy of recording all prepaid expenses to asset accounts at the time of cash payment. The adjusting entry on December 31 of the current year for Olive would include:
A. A credit to a liability and a debit to a prepaid expense for $2175. B. A debit to an expense and a credit to a prepaid expense for $6525. C. A debit to a prepaid expense and a credit to an expense for $2175. D. A debit to a prepaid expense and a credit to Cash for $6525. E. A debit to an expense and a credit to a prepaid expense for $2175.