In terms of debits and credits, which of the following accounts have the same normal balances?
a. Accounts payable, accounts receivable, notes payable
b. Dividends, accounts receivable, notes payable
c. Advertising expense, selling expense, accounts receivable
d. Land, building, accounts payable
e. Common stock, notes payable, land
C
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Answer the following statements true (T) or false (F)
1) The days' sales in inventory ratio is calculated by dividing cost of goods sold by the average merchandise inventory. 2) A higher days' sales in inventory is preferable. 3) Accounting is simpler in a periodic inventory system because the company keeps a daily running record of inventory on hand. 4) The periodic inventory system works well for small businesses in which the inventory is not large in size or dollar amounts. 5) For all four inventory costing methods, cost of goods sold is always equal to the sum of beginning inventory plus net purchases.
What does the debt to equity ratio show, and how is it calculated?
What will be an ideal response?
When was the Federal Sentencing Guidelines for Organizations Act passed?
a. 1957 b. 1989 c. 1991 d. 1997
The deeply embedded personal ties between individuals in Chinese society that facilitate the exchange of favours and that have traditionally acted to shape recruitment decisions is called:
a. dan wei b. guanxi c. chang bei d. da you fan