Jerry bought a car stereo from SX Company "on approval." The risk of loss passed to Jerry when he took possession of the stereo
Indicate whether the statement is true or false
False
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A contingency fee is a situation in which no fee will be charged unless a specified finding or result is attained
a. True b. False Indicate whether the statement is true or false
Annette spends time weighing these two possible solutions against each other and finds they rate poorly to solve the problem of kitchen injuries. For example, sanctions and punishments could be viewed negatively and as a threat, and employees might fail to report injuries for fear of punishment. Similarly, while the reward system might be viewed more positively, Annette is also concerned that since rewards would be contingent on achieving a lower number of reported injuries, there is less incentive to report incidents that should be legally reported. Annette has accomplished which step of the decision-making model?
A. generate multiple alternatives B. identify and weigh decision criteria C. choose, implement, and evaluate the best alternative D. rate alternatives on the basis of decision criteria
Discuss some of the factors that could motivate an organization to implement activity based costing
On November 1, Alan Company signed a 120-day, 8% note payable, with a face value of $9,000. What is the adjusting entry for the accrued interest at December 31 on the note? (Use 360 days a year.)
A. Debit Interest Expense, $720; credit Interest Payable, $720. B. Debit Interest Expense, $120; credit Interest Payable, $120. C. Debit Interest Payable, $120; credit Interest Expense, $120. D. No adjusting entry is required. E. Debit Interest Payable, $240; credit Interest Expense, $240.