Which of the following accounts has a normal debit balance?

A. Fees Income
B. Accounts Receivable
C. Accounts Payable
D. T. Stark, Capital


Answer: B

Business

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Provide a definition for each of the following accounting principles.

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The terms "privileges" and "immunities" can be found at two places in the U.S. Constitution, specifically ________.

A. the Privileges and Immunities Clause of Article IV of the Constitution, and the Privileges or Immunities Clause of the Fourteenth Amendment B. the Privileges or Immunities Clause of Article IV of the Constitution, and the Privileges or Immunities Clause of the Fourteenth Amendment C. the Privileges and Immunities Clause of Article IV of the Constitution, and the Privileges and Immunities Clause of the Fourteenth Amendment D. the Privileges or Immunities Clause of Article IV of the Constitution, and the Privileges and Immunities Clause of the Fourteenth Amendment

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Which of the following is NOT part of the progressive disciplinary process?

a. probation b. suspension c. dismissal d. warning

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Suppose Ernie says to Eddie at Wal-Smart, "If I decide to buy a word processor next year, I will buy it from you." This would be an example of:

a. an illusory promise. b. past consideration. c. the pre-existing duty rule. d. good consideration.

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