The reuse of code is an important contributor to programming efficiency.
Answer the following statement true (T) or false (F)
True
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Personal channel of communication includes direct contact, such as a sales force or salespeople in a retail channel
Indicate whether the statement is true or false
A company purchased a delivery van for $27,700 with a salvage value of $3100 on September 1, Year 1. It has an estimated useful life of 6 years. Using the straight-line method, how much depreciation expense should the company recognize on December 31, Year 1?
A. $1367. B. $1539. C. $4100. D. $1025. E. $4617.
Colby Motors uses the accrual method and reports on a calendar year. In December of last year, Colby acquired auto repair equipment. As part of the acquisition, Colby purchased a warranty agreement that requires the seller of the equipment to provide repairs on the equipment for three years. Colby paid the cost of the warranty, $15,000, in January of this year. What can Colby deduct for the cost of the warranty on the tax return for last year?
What will be an ideal response?
Which of the following is the appropriate general journal entry to record the declaration of a cash dividends?
A) Retained EarningsCash B) Dividends PayableCash C) Additional Paid-in CapitalDividends Payable D) Retained EarningsDividends Payable