Identify which of the following opening adjusting entries should be used when setting up in QuickBooks an existing company with opening balances:
A. Debit: Capital Stock, Credit: Opening Balance Equity
B. Debit: Opening Balance Equity, Credit: Capital Stock
C. Debit: Accounts Payable, Credit: Opening Balance Equity
D. Debit: Accounts Receivable, Credit: Capital Stock
Answer: B
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The decision rule ________ chooses the alternative with the best weighted payoff
Fill in the blanks with correct word
Portfolio A has only one stock, while Portfolio B consists of all stocks that trade in the market, each held in proportion to its market value. Because of its diversification, Portfolio B will by definition be riskless.
Answer the following statement true (T) or false (F)
The Federal Trade Commission (FTC) defines ________ as an express or implied statement contrary to fact.
A. misrepresentation B. comparative disclosure C. selective retention D. selective exposure E. affirmative disclosure
The Restatement (Third) of Torts on product liability states that the producer of a product may be liable for defect except in which case:
a. the producer failed to use a reasonable alternative design that would have produced greater safety b. producer failed to provide reasonable instructions of foreseeable risks c. product contains a defect even if all possible care was used in making the product d. none of the other choices; those refer to the Restatement (Second) e. all of the other specific choices are correct