The current ratio is computed by dividing current assets by ____________________
Fill in the blank(s) with correct word
current liabilities
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The journal entry for recording payment for the short-term lease of a fixed asset would
a. debit the fixed asset and credit Cash b. debit Rent Expense and credit Cash c. debit a liability and credit Cash d. be a memo entry only
Under the Older Workers Benefit Protection Act of 1990, which guideline must employers follow when asking employees to sign early-retirement waivers?
A. make Age Discrimination in Employment Act (ADEA) waivers compulsory B. inform employees that they may consult with a lawyer before signing C. provide lesser benefits than would otherwise be available upon retirement D. provide employees with an annual bonus and health insurance after the retirement E. allow employees no more than 48 hours before signing the retirement agreement
According to the Uniform Commercial Code (UCC), goods that fail to function properly or that have harmful side effects are nevertheless merchantable.
Answer the following statement true (T) or false (F)
A statement of future intent¾"I plan to sell my 700-pound sow"¾is an offer.
Answer the following statement true (T) or false (F)