Selling common stock for cash is recorded with a debit to common stock.
Answer the following statement true (T) or false (F)
False
Selling common stock for cash is recorded with a credit to common stock.
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Which of the following is the survey created by the U.S. Census Bureau in 1996 to collect economic, social, demographic, and housing information as part of the Decennial Census Program?
A) American Community Survey B) American Census Survey C) NAICS D) Buying Index E) Survey of Buying Power
At the time Hollywood Corporation became a subsidiary of Vine Corporation, Hollywood switched depreciation of its plant assets from the straight-line method to the sum-of-the-years'-digits method used by Vine. With respect to Hollywood, this change was a
a. change in an accounting estimate. b. correction of an error. c. change in the reporting entity. d. change in accounting principle.
Which of the following statements is (are) true about the National Flood Insurance Program?
I. You can't purchase flood insurance through this program if your property is located in a high-flood-risk area. II. Coverage is not available for any property which has been flooded previously. A) I only B) II only C) both I and II D) neither I nor II
Which one of the following statements about codes of conduct (ethics) is false?
A. They are formalized rules and standards that describe what a company expects of its employees. B. They must be detailed enough to take into account many possible situations. C. They encourage ethical behavior by eliminating opportunities for unethical behavior because employees know what is expected of them. D. They help marketers deal with marketing issues by prescribing and limiting certain activities. E. Top management must provide leadership in implementing codes of ethics.