Group theory, relationships, and leader effectiveness were three themes that dominated leadership research in which decade?
A. 1950s
B. 1970s
C. 1980s
D. 1990s
A. 1950s
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Because of changing market conditions, Friendly Corporation made the decision to redeem $300,000 of its bonds prior to maturity. The bonds had been issued at a discount and the balance in the discount account at the time of redemption was $15,000 . The corporation's bond certificates indicated that the bonds could be retired early at 103 . Friendly's retirement of the bonds would result in a(n)
a. loss of $24,000. b. gain of $6,000. c. decrease in owners' equity of $9,000. d. increase in assets of $15,000.
When the suffix "ed" is added to the word "mix" the final consonant is not doubled because the:
A. suffix begins with a vowel. B. vowel sound "i" in the last syllable is short. C. word ends with an "x." D. accent is on the last syllable of the word.
Mitigation of damages is a doctrine that requires a nonbreaching party to minimize damages
Indicate whether the statement is true or false
Gideon Company uses the direct write-off method of accounting for uncollectible accounts. On May 3, the Gideon Company wrote off the $2,000 uncollectible account of its customer, A. Hopkins. On July 10, Gideon received a check for the full amount of $2,000 from Hopkins. On July 10, the entry or entries Gideon makes to record the recovery of the bad debt is:
A.
| Accounts Receivable-A. Hopkins | 2,000 | |
| Allowance for Doubtful Accounts | 2,000 | |
| Cash | 2,000 | |
| Accounts Receivable-A. Hopkins | 2,000 |
B.
| Cash | 2,000 | |
| Accounts Receivable-A. Hopkins | 2,000 |
C.
| Allowance for Doubtful Accounts | 2,000 | |
| Accounts Receivable-A. Hopkinse | 2,000 | |
| Accounts Receivable-A. Hopkins | 2,000 | |
| Cash | 2,000 |
D.
| Cash | 2,000 | |
| Bad debts expense | 2,000 |
E.
| Accounts Receivable-A. Hopkins | 2,000 | |
| Bad debts expense | 2,000 | |
| Cash | 2,000 | |
| Accounts Receivable-A. Hopkins | 2,000 |