A 2008 Pew study revealed that more common reasons for people not using broadband included all of the following EXCEPT: ____.
A. lack of interest
B. cost or difficulty of using it
C. lack of a smart phone
D. lack of a PC
Answer: C
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When there are material differences between the results of using the straight-line method and using the effective interest method of amortization, the effective interest method should be used
Indicate whether the statement is true or false
Daniel Dino Restaurant owes employees' salaries of $15,000. This would be recorded as:
A. Debit Salaries Payable, credit Salaries Expense. B. Debit Salaries Expense, credit Salaries Payable. C. Debit Salaries Expense, credit Cash. D. Debit Salaries Payable, credit Cash.
A company had the following purchases and sales during its first year of operations: PurchasesSalesJanuary:10 units at $1206 unitsFebruary:20 units at $1255 unitsMay:15 units at $1309 unitsSeptember:12 units at $1358 unitsNovember:10 units at $14013 units On December 31, there were 26 units remaining in ending inventory. Using the Periodic LIFO inventory valuation method, what is the value of cost of goods sold? (Assume all sales were made on the last day of the month.)
A. $5,400. B. $8,670. C. $5,130. D. $5,470. E. $3,200.
Total asset cost less accumulated depreciation equals book value.
Answer the following statement true (T) or false (F)