What did 55 African nations sign in 1991?

A) The Treaty Establishing the African Economic Community
B) The Treaty Establishing Mutual Defense of the African Continent
C) Sub-Saharan Economic Free Trade Zone Agreement
D) The African Economic Leadership Organization
E) Resolution for the Unity of South Africa


A

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The total of the notes payable register should agree with the total of the notes receivable account in the general ledger

a. True b. False Indicate whether the statement is true or false

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The entry required to recognize the bad debts expense for 2014 will act to:

a. Increase total assets and retained earnings b. Decrease total assets and retained earnings c. Decrease total assets and increase net income d. Increase total assets and decrease net income

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A company used straight-line depreciation for an item of equipment that cost $12,000, had a salvage value of $2,000 and a five-year useful life. After depreciating the asset for three complete years, the salvage value was reduced to $1,200 but its total useful life remained the same. Determine the amount of depreciation to be charged against the equipment during each of the remaining years of its useful life:

A. $5,400 B. $2,400 C. $1,000 D. $2,000 E. $1,800

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Which of the following is the MOST effective heading in a memo report to employees?

a. Employee Benefits b. Benefits Will Undergo Radical Alterations in Forthcoming Fiscal Year c. Benefit Cuts d. How Do Benefit Changes Affect You?

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