Which one of the following statements is true?

a. When a company uses a subsidiary ledger, the balance in the control account, Accounts Receivable, shows only the amount the company expects to collect from the accounts receivable, net of any expected uncollectible accounts.
b. An accounts receivable subsidiary ledger represents amounts due to vendors and suppliers.
c. The balance in the control account, Accounts Receivable, should be equal to the sum of the balances in the subsidiary ledger for accounts receivable.
d. A subsidiary ledger takes the place of the control account for some companies.


c

Business

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Indicate whether the statement is true or false

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Jackie's parents loaned her $80,000 to fund her college education. Her parents are not charging interest. They desire to be paid one lump sum of $80,000 when Jackie can accumulate that amount. Jackie established a savings plan that earns 8% compounded annually. Her new job promises to pay an annual holiday bonus that will enable her to make equal annual, year-end deposits of $6,400. Approximately

how many years will it take Jackie to accumulate the $80,000? A) 8 years B) 8.5 years C) 9 years D) 12.5 years

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Interactional justice involves the employees of the firm who provide the service recovery and their behavior toward the customer

Indicate whether the statement is true or false

Business

Which of the following is likely to be a core competency for a company?

a. availability of commodities b. ability to set up an R&D unit c. ability to innovate d. ability to outsource

Business