Email contracts need not meet the Statute of Frauds requirements as long as they meet UCITA guidelines.
Answer the following statement true (T) or false (F)
False
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On April 1, 2017 the Reba Company purchased 10%, $800,000 bonds of the Trading Up Company at par plus accrued interest. These bonds were classified as an investment in trading securities. The bonds pay interest on June 30 and December 31 each year. The entry by Reba on April 1, 2017, would include a
A) debit to Investment in Trading Securities of $820,000. B) credit to Cash of $820,000. C) credit to Interest Income of $20,000. D) debit to Interest Expense of $20,000.
According to Pulitzer Prize winner Tom Friedman, these days a job candidate must be able to demonstrate that he or she can ________
A) supervise other employees B) reinvent the job for tomorrow C) uncover key creative insights D) utilize social media
Which of the following is the correct date format for the financial statement heading?
A) Balance Sheet for the Year Ended June 30, 2012 B) Statement of Retained Earnings as of December 31, 2012 C) Income Statement for the Year Ending December 31, 2012 D) Statement of Retained Earnings at December 31, 2012
Private data sources, such as Information Resources, Inc. and Nielsen Indexes, are a low-cost secondary data source.
Answer the following statement true (T) or false (F)