The label on a new window air conditioner reads "uses up to 20% less energy." For what reason is this phrase most likely used?
A. To provide product use information
B. To encourage multiple purchases
C. To promote the product
D. To satisfy legal requirements
E. To encourage the proper consumption patterns of the product
Answer: C
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For the year ending December 31, 2019, the partnership reported a net loss of $122,000. The journal entry to record the loss allocation will ________.
Lori and Mike enter into a partnership and decide to share profits and losses as follows: 1. The first allocation is a salary allowance with Lori receiving $12,000 and Mike receiving $25,000. 2. The second allocation is 20% of the partners' capital balances at year end. On December 31, 2019, the capital balances for Lori and Mike are $86,000 and $344,000, respectively. 3. Any remaining profit or loss is allocated equally. A) debit Lori, Capital for $93,300 B) debit Lori, Capital for $28,700 C) debit Mike, Capital for $93,800 D) credit Mike, Capital for $93,800
Using the indirect method, cash flows from operating activities would be increased by which of the following?
a. Gain on sale of investments b. Decrease in accounts receivable c. Decrease in accounts payable d. Increase in prepaid expenses
Explain the necessity to determine the purpose of communication
The Fair Housing Act specifically prohibits discrimination against disabled individuals in employment, public services, and public accommodations and services
Indicate whether the statement is true or false