Managers of a firm based in Boston who send e-mail to their customers in Japan are conducting e-business activities.
Answer the following statement true (T) or false (F)
True
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When firms issue common stock for assets other than cash, the firm records the shares exchanged for noncash assets at the fair value of the shares given or, if the firm cannot make a reasonable estimate, at the fair value of the assets received
Indicate whether the statement is true or false
List one of Cirque Du Soleil's main competitors
What will be an ideal response?
A company that uses the perpetual inventory system purchased 500 pallets of industrial soap for $7,000 and paid $800 for the freight-in. The company sold the whole lot to a supermarket chain for $14,000 on account
Which of the following entries correctly records the sale? A) Accounts Receivable 14,000 Sales Revenue 14,000 Cost of Goods Sold 7,800 Merchandise Inventory 7,800 B) Merchandise Inventory 14,000 Cost of Goods Sold 14,000 C) Cost of Goods Sold 14,000 Sales Revenue 14,000 D) Accounts Receivable 14,000 Sales Revenue 14,000 Cost of Goods Sold 7,000 Merchandise Inventory 7,000
Lemon laws cover
a. all defects. b. only those defects that affect the safety, use, and value of the car. c. only defects resulting from the negligence of the dealer. d. none of these.