The Income Summary account is credited in the entry that closes
A) the dividends account.
B) expense accounts.
C) net income.
D) revenue accounts.
D
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Which of the following is true of a franchise?
A) The franchisor and franchisee are established as separate legal entities. B) A franchisee does not need a license to use the franchisor's trademark. C) The franchisee does not have access to the franchisor's knowledge. D) A franchise is considered a joint venture.
In order to determine the average weight of carry-on luggage by passengers in airplanes, a sample of 50 pieces of carry-on luggage was collected and weighed. The average weight was 20.5 pounds. Assume that we know the standard deviation of the population to be 6.25 pounds. Also, assume the population is normally distributed. ? a.Determine a 99% confidence interval estimate for the population mean weight of the carry-on luggage.b.Determine a 95% confidence interval estimate for the population mean weight of the carry-on luggage.
What will be an ideal response?
The party appealing a case to a higher court is called_________and the other party is called_________
Fill in the blank(s) with correct word
A truck costing $56,000 has accumulated depreciation of $52,000. The truck is scrapped for $700. The journal entry to record this transaction is to:
A) debit Cash for $700, debit Truck for $52,000, debit Loss on Disposal for $3,300 and credit Accumulated Depreciation – Truck for $56,000. B) debit Cash for $700, debit Accumulated Depreciation – Truck for $52,000, debit Loss on Disposal for $3,300 and credit Truck for $56,000. C) debit Accumulated Depreciation – Truck for $52,000, debit Loss on Disposal $4,000, and credit Truck for $56,000. D) debit Cash for $700, debit Loss on Disposal for $55,300 and credit Truck for $56,000.