Which of the following transactions is recorded in the revenue journal?
A) sale of excess office equipment for cash
B) rendering services for cash
C) rendering services on account
D) sale of excess office equipment on account
C
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A company that was to be liquidated had the following liabilities: Income Taxes$10,000 Notes Payable secured by land 100,000 Accounts Payable 44,000 Salaries Payable ($16,000 for Employee #1 and $4,000 for Employee #2) 20,000 Administrative expenses for liquidation 20,000 The company had the following assets: Book ValueFair ValueCurrent Assets$100,00095,000Land 50,00075,000Building 150,000200,000?Total unsecured non-priority liabilities are calculated to be what amount?
A. $ 44,000. B. $220,000. C. $ 72,150. D. $ 74,000. E. $ 47,150.
The database management system controls access to program files
Indicate whether the statement is true or false
Claire has just told her best friend, "I'm so glad I bought the Samsung Galaxy S5 rather than those other smartphones I was considering. Look at this incredible display, and the battery stays charged forever." Which stage of the consumer purchase decision process does Claire's conversation identify?
A. problem recognition B. alternative evaluation C. information search D. purchase decision E. postpurchase behavior
Which of the following decreases the work in process account?
A) Transferring raw materials to work in process account. B) Transferring cost of goods manufactured from work in process account. C) Transferring cost of goods sold from work in process account. D) Transferring raw materials from work in process account.