Consideration can be a promise or an act
a. True
b. False
Indicate whether the statement is true or false
True
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In which of the following cases do federal and state courts have concurrent jurisdiction?
A. bankruptcy cases B. diversity of citizenship cases C. antitrust cases D. patent cases
Payment of office rent represents an increase in
a. revenues; b. cash; c. a liability account; d. drawing; e. expenses.
The Sherman Act, the Clayton Act and the Federal Trade Commission Act are all examples of legislation designed to curb anticompetitive business practices
a. True b. False Indicate whether the statement is true or false
When a credit sale is recorded on an invoice, QuickBooks records:
A. An increase to Sales and an increase to Accounts Payable B. A decrease to Sales and a decrease to Accounts Payable C. An increase to Sales and an increase to Accounts Receivable D. An increase to Sales and a decrease to Accounts Receivable