Which of the following is not a disadvantage of collaborative writing?
A. Collaboration takes more time.
B. Collaboration causes conflicts.
C. Members may not contribute their fair share.
D. The final document has a corporate style.
D. The final document has a corporate style.
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Any attempt by a bailee to be relieved of liability for intentional wrongful acts is consistent with public policy and will be enforced.
Answer the following statement true (T) or false (F)
Creditors' equities is another term for liabilities
Indicate whether the statement is true or false
Which inventory method generally results in the most realistic balance sheet valuation?
A) FIFO B) Specific identification C) LIFO D) Average-cost
MacKenzie Company sold $180 of merchandise to a customer who used a Regional Bank credit card. Regional Bank deducts a 4% service charge for sales on its credit cards. MacKenzie electronically remits the credit card sales receipts to the credit card company and receives payment immediately. The journal entry to record this sale transaction would be:
A. Debit Accounts Receivable-Regional $172.80; debit Credit Card Expense $7.20 and credit Sales $180. B. Debit Cash $172.80; debit Credit Card Expense $7.20 and credit Sales $180. C. Debit Cash of $180 and credit Sales $180. D. Debit Cash of $180 and credit Accounts Receivable-Regional $180. E. Debit Cash $172.80 and credit Sales $172.80.