Electronic ____ is a Web service that provides a private and secure method of transferring funds from a bank account or credit card to online vendors or individuals.
A. cash
B. money
C. funds
D. checks
Answer: A
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On November 1, 2019, Juno, Inc. declared a dividend of $3.00 per share on common stock. Juno, Inc. has 10,000 shares of common stock outstanding and 20,000 shares of preferred stock. The date of record is November 15, and the payment date is November 30, 2019. Regarding the date of record, which of the following statements is TRUE?
A) No journal entry is made on the date of record. B) The liability must be recorded on the date of record. C) Cash is disbursed to shareholders on the date of record. D) The company transfers cash to a brokerage firm on the date of record.
What element of a contract refers to the parties involved being "adults of sound mind"?
a. Consideration b. Capacity c. Consent d. Legality
The income statement and a partial balance sheet of Hart Alloy Company for the year ended December 31, 2017 is presented below
Prepare the operating activities section of the statement of cash flows using the direct method. Accrued Liabilities relate to miscellaneous operating expenses. Hart Alloy Company Income Statement For the Year Ended December 31, 2017 Sales Revenues $1,500,000 Cost of Goods Sold 1,170,000 Gross Profit $330,000 Operating Expenses: Salaries Expense $210,000 Depreciation Expense 60,000 Miscellaneous Expenses 30,000 300,000 Net Income $30,000 Hart Alloy Company Partial Balance Sheet 2017 2016 Cash $240,000 $195,000 Accounts Receivable (net) 150,000 150,000 Inventories 306,000 258,000 Accrued Liabilities 13,500 15,000 Accounts Payable Merchandise Inventory) 174,000 153,000 Salaries Payable 22,500 18,000 What will be an ideal response
If a taxpayer decides to take advantage of an ambiguous tax issue to reduce future tax costs, the decision increases:
A. Financial risk B. Tax law uncertainty C. Marginal tax rate uncertainty D. Audit risk