The Constitution actually gives Congress the authority to regulate copyrights
Indicate whether the statement is true or false
TRUE
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Entries in a special journal for revenues are posted in the
A) accounts receivable subsidiary ledger B) accounts payable subsidiary ledger C) fixed asset subsidiary ledger D) cash subsidiary ledger
Consider the data on Inventory of Widgets Over a 10-Day Period. Any time that ending inventory falls to 15 or below, an order is placed for 20 units of the product. The lead time for delivery varies and is shown in the column under Lead Time. If the backorder costs amount to $3 for each widget that is on backorder, then what are the total backorder costs?
A. $3
B. $22
C. $0
D. $68
Steve Shredder promised to move all practice sessions of his high-volume group the "Scan Jet Fondue" to a location far from his home in exchange for his neighbor Osgood Wheet's promise to pay the music group $300 a month for nine months, commencing immediately. The mutual promises are
a. enforceable, because each party enjoys some resulting legal benefit and each suffers some legal detriment. b. unenforceable, because playing of music wherever, whenever, and however one pleases is guaranteed as human expression under the Bill of Rights. c. unenforceable, because tastes in music—or in other art forms—are not to be disputed, and the simple absence of music (or noise) is too intangible to have measurable value. d. enforceable if in writing, but not if the agreement is oral.
Bass ToursThe following balances were taken from the company's records: Inventory$380,000 Accounts Receivable$190,000 Land290,000 Accounts Payable180,000 Cash129,000 Unearned Revenue110,000 Prepaid Rent33,000 Common Stock312,000 Retained Earnings220,000 Long-term Notes Payable200,000 Refer to Bass Tours. Calculate the total current assets.
A. $ 842,000 B. $1,022,000 C. $ 732,000 D. $ 842,000