A composition would bind to the settlement all of debtor's creditors
Indicate whether the statement is true or false
False
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The bus topology connects the nodes in parallel
Indicate whether the statement is true or false
Billie Jean's Bridals has total assets of $350,000, current assets of $74,000, total liabilities of $280,000, accounts receivable of $12,000, net sales of $64,000, and net profit after taxes of $23,000. Calculate the retailer's net profit percentage.
A. 31.1 percent B. 18.75 percent C. 20 percent D. 35.9 percent E. 25 percent
A note receivable due in 18 months is listed on the balance sheet under the caption
A) long-term liabilities B) fixed assets C) current assets D) investments
An asset was purchased for $120,000 and originally estimated to have a useful life of 10 years with a residual value of $10,000. After two years of straight line depreciation, it was determined that the remaining useful life of the asset was only 4 years with a residual value of $2,000. Calculate this year's depreciation using the revised amounts and straight line method
A) $25,000 B) $11,000 C) $24,000 D) $24,500