In SEC v. Howey, the Supreme Court announced that securities covered by the federal securities laws are all listed in the Securities Act of 1933
a. True
b. False
Indicate whether the statement is true or false
False
Business
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Smithville Furniture sold 15 desks, with a cost of $6,500, for $11,250 on account. Smithville uses the periodic inventory system. Which of the following is the correct way to record this transaction?
Business
A CPA firm may include the name of only one past owner in the firm name
a. True b. False Indicate whether the statement is true or false
Business
Which of the following is an example of a contra account?
a. Merchandise Inventory b. Accounts Payable c. Cost of Goods Sold d. Accumulated Depreciation e. Deferred income taxes payable
Business
Oprah Winfrey is an example of an opinion leader
Indicate whether the statement is true or false
Business