Which one of the following adjustments decreases net income for the period?
A) Recognition of depreciation on plant assets.
B) Recognition of interest earned on a note receivable.
C) Recognition of services that had been provided to customers but the cash has not yet been received.
D) Recognition of rent earned that had been received in advance from customers.
A
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Identify the occupation that would typically employ interns.
A. carpenter B. journalist C. bricklayer D. welder E. plumber
From nine cards numbered 1 through 9, two cards are drawn. Consider the selection and classification of the cards as odd or even as an experiment. How many sample points are there for this experiment?
A. 2 B. 3 C. 4 D. 9
April purchased a life insurance policy on herself. On her death, the proceeds of the insurance were to be paid to her minor child, Ryan. Ryan is the beneficiary
Indicate whether the statement is true or false
1234567 Inc. is contemplating a Business Combination with 7654321 Inc. One company is incorporated under Federal law, the other under provincial law. Is a statutory amalgamation permissible under these circumstances?
A) Yes, provided the combination is accounted for using the Acquisition Method. B) No, a statutory amalgamation would not be possible, since one company is incorporated under federal law and the other under provincial law. C) Yes, provided the surviving corporation would have had control of the purchased company. D) Cannot be determined from the information given.