Most state trial court decisions are not published.
Answer the following statement true (T) or false (F)
True
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Assume Agri Products records sales transactions directly into the general journal using the periodic inventory method. Agri Products sold merchandise on account to Corn Producers, invoice no. 2787, $5,600 . The transaction would be recorded as
a. a debit to Cash and a credit to Sales. b. a debit to Sales and a credit to Cash. c. a debit to Accounts Receivable, Corn Producers and a credit to Sales. d. a debit to Sales and a credit to Accounts Receivable, Corn Producers.
Under the direct write-off method, the entry to write off an uncollectible account will include ________.
A) a debit to Bad Debts Expense account B) a debit to the customer's Account Receivable C) a credit to the Allowance for Bad Debts D) No entry is made to write off uncollectible accounts.
An agreement to share resources that does not necessarily involve creating a new company is a ______.
a. joint venture b. direct investment c. strategic alliance d. contracting
Behavioral segmentation divides consumers according to
A. how consumers behave with or act towards products. B. the various lifestyles of the consumer. C. consumers' opinion and interests. D. how motivated and how many resources a consumer has. E. customer convenience and market size.