Data communications is formally considered the main provider of telecommunications
Indicate whether the statement is true or false
FALSE
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When the holder of an interest-bearing note is unable to collect the note when due, the journal entry includes
a. debiting Notes Receivable and crediting Accounts Receivable. b. debiting Notes Receivable and crediting Accounts Receivable and Interest Revenue. c. debiting Accounts Receivable and crediting Interest Revenue. d. debiting Accounts Receivable and crediting Notes Receivable and Interest Revenue.
The bankruptcy of an agent automatically terminates an agency relationship
a. True b. False Indicate whether the statement is true or false
Actual authority terminates upon:
a. dissolution of the partnership. b. illness of one of the partners. c. physical destruction of partnership papers. d. All of these.
Consumer Finance Corporation (CFC) extends credit to consumers. CFC is subject to the Equal Credit Opportunity Act, which prohibits credit dis-crimination based on
a. intelligence. b. education. c. income. d. race.