The party bringing a lawsuit must choose a court with:
a. jurisdiction over the subject matter b. jurisdiction over the plaintiff
c. jurisdiction over the bailiff in novo d. jurisdiction over the state
e. all of the other choices are correct
a
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Which of the following is least useful in evaluating a company's financial statements?
a. Comparison of the company's current period data with accounting data from 5 years ago b. Comparison with other companies in the same industry c. Comparison with government economic data for the economy as a whole. d. Comparison of the company's current period data with that of the last year
Which of the following adjusting entries involves the recognition of an accrued expense?
A) recording depreciation on a long-lived asset B) writing off the portion of an insurance policy that has expired C) recognition of salaries owed to employees for work done during the current period that will be paid during the next accounting period D) recognition of bad debt losses that are expected to result from making sales on credit terms
Which of the following will most likely help identify an increasing proportion of uncollectible sales?
a. accounts receivable turnover b. the ratio of bad debt expense to sales c. the ratio of sales returns to sales d. the ratio of cost of sales to sales
Which of the following documents would not originate with the purchasing company?
A) Purchase order B) Receiving report C) Check D) Invoice