Which of the following would appear in the debit column on the unadjusted trial balance?

A. Retained Earnings
B. Note Payable
C. Prepaid Rent
D. Deferred Revenue


Answer: C

Business

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Communication is unavoidable

Indicate whether this statement is true or false.

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Third Bank has reserves of $12.3 million and transaction accounts of $115 million. If required reserves are 10 percent of transactions accounts, Third Bank has excess reserves of

A. ?$0.8 million. B. $0. C. $0.8 million D. $0.08 million

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How has the Group of Eight recently expanded the issues it discusses in its annual summits?

What will be an ideal response?

Business

Ginger and Holly are journalists in a courtroom hearing a case. The judge instructs them not to use social media until the court is adjourned. Despite this instruction, during the trial Ginger and Holly tweet play-by-play commentary for the public as events unfold. Possible sanctions that the judge might impose include

a. fines and imprisonment. b. fines but not imprisonment. c. imprisonment but not fines. d. none of the choices.

Business