________ represents a debt owed for renting a building currently
A) Prepaid Rent
B) Rent Payable
C) Rent Revenue
D) Rent Expense
B
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The two-column record used to accumulate increases and decreases for individual assets, liabilities, equity, revenue, expense, and dividends items is a:
A) chart of accounts. B) T-account. C) trial balance. D) posting.
Which of the following methods is used by companies for monitoring and controlling forecasts?
A. tracking signals B. trend charts C. seasonal indices D. control signals
A seller has breached his contract by providing unfit seed for the planting of beans. Damages would include:
a. the lost profits from a contract to sell the bean crop. b. the cost of keeping the defective seed in a storeroom. c. the cost of replacement seed. d. All of these.
Promotion that focuses on creating awareness is only important when introducing a new product to the market.
Answer the following statement true (T) or false (F)