A judge instructs a jury in the law that applies in a case.
Answer the following statement true (T) or false (F)
True
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For tax purposes, a limited liability company may elect to be treated as a partnership
a. True b. False Indicate whether the statement is true or false
What type of transaction is covered under the Magnuson-Moss Warranty Act?
A) consumer transactions B) commercial transactions C) industrial transactions D) governmental transactions
Tables without repeating groups are said to be in first normal form.
Answer the following statement true (T) or false (F)
On April 12, Hong Company agrees to accept a 60-day, 10%, $4,500 note from Indigo Company to extend the due date on an overdue account. What is the journal entry that Indigo Company would make, when it records payment of the note on the maturity date? (Use 360 days a year.)
A. Debit Cash $4,575; credit Interest Revenue $75; credit Notes Receivable $4,500. B. Debit Notes Payable $4,500; debit Interest Expense $75; credit Cash $4,575. C. Debit Cash $4,575; credit Interest Revenue $75; credit Notes Payable $4,500. D. Debit Notes Payable $4,500; credit Interest Expense $75, credit Cash $4,425. E. Debit Notes Payable $4,500; debit Interest Expense $112; credit Cash $4,612.