In STS, which two systems are focused heavily on?
a. social and technological
b. social and environmental
c. technological and environmental
d. environmental and cultural
a. social and technological
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The journal entry a company records for the issuance of bonds when the contract rate is less than the market ratewould be
a. debit Bonds Payable, credit Cash b. debit Cash and Discount on Bonds Payable, credit Bonds Payable c. debit Cash, credit Premium on Bonds Payable and Bonds Payable d. debit Cash, credit Bonds Payable
The following information is provided by the Ferrara Corporation: Beginning retained earnings $ 50,000 Ending retained earnings 70,000 Dividends declared and paid 10,000 Revenue 50,000 What is the net income for Ferrara Corp?
a. $10,000 b. $20,000 c. $30,000 d. Unable to tell from the information provided.
Retained earnings represents past net incomes less past dividends, therefore any balance in this account would be listed on the income statement
Indicate whether the statement is true or false
Pay forms refer to the pay relationships among organizations.
Answer the following statement true (T) or false (F)