Sandy noticed an unauthorized electronic funds withdrawal on her bank statement. In order for her to not be liable for the withdrawal, she must notify her bank within _______ of the date of the bank statement.
A. ?10 days
B. ?30 days
C. ?60 days
D. ?90 days
Answer: C
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The price of a product or service should ideally be higher than the demand for that product or service
Indicate whether the statement is true or false
Most products can be offered with varying ________ that can supplement its basic function
A) degrees of reliability B) conformance qualities C) features D) forms E) designs
In the bone marrow, stem cells produce erythrocytes which lose their nucleus and function for a few months in the bloodstream before they die. Erythrocytes never divide. Based on this information, erythrocytes
A. reverse from G2 to G1. B. halt in the midst of the S phase. C. continually cycle but simply fail to go through cytokinesis. D. leave the cell cycle in a G0 phase, after exiting G1. E. leave the cell cycle in a G3 phase, which immediately follows G2.
Franklin Company issued a $40,000 note to the Mercantile Bank on August 1, Year 1. The note carried a one-year term and a 12% rate of interest. How will the adjusting entry, dated December 31, Year 1, to record accrued interest expense impact the elements of the financial statements?
A. Increase liabilities and decrease equity by $2,000 B. Decrease equity and increase liabilities by $4,800 C. Increase liabilities and decrease equity by $1,600 D. Decrease assets and decrease retained earnings by $2,000