Assets, liabilities, and owner's equity are permanent accounts
Indicate whether the statement is true or false
T
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On August 1, Kim Company accepted a 90-day note receivable as payment for services provided to HsuCompany. The terms of the note were $20,000 face value and 6% interest. On October 30, the journal entry torecord the collection of the note should include a
a. credit to Notes Receivable for $20,300 b. debit to Interest Receivable for $300 c. credit to Interest Revenue for $300 d. debit to Notes Receivable for $20,000
An ombudsperson is ________
A) a government official appointed to investigate abuses made by public officials B) a person charged with investigating complaints made by supervisors against employees C) a community representative responsible for arbitration between two parties D) a consumer advocate who works at a community center
Cradle to grave is a community center that provides technology, manufacturing equipment, and educational opportunities to the public that would otherwise be inaccessible or unaffordable.
Answer the following statement true (T) or false (F)
XLT Corp. used __________ when it moved jobs from India to Mexico, which is closer to its domestic market in the United States.
A. nearshoring B. outsourcing C. homeshoring D. furloughing