Financial documents should be
A) kept in a desk drawer in your home for easy access.
B) kept in a safety deposit box.
C) kept at your parents' house in their desk.
D) None of the above.
Answer: B
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The adjustment to increase Income Tax Expense includes
a. debiting Factory Overhead and crediting Income Tax Payable. b. debiting Income Tax Payable and crediting Income Tax Payable. c. debiting Income Tax Expense and crediting Factory Overhead. d. debiting Income Tax Expense and crediting Income Tax Payable.
Eatsy Corp owes Hardy, Inc, $30,000 on a note payable, plus $1,800 interest. Hardy agrees to accept 400 shares of Eatsy common stock in full settlement of the debt. Eatsy stock has a par value of $10 and a current market value of $70 per share. As a result of the debt restructuring, Eatsy Corp should record an
A) ordinary loss of $1,800. B) extraordinary gain of $1,800. C) ordinary gain of $3,800. D) extraordinary gain of $3,800.
You should emphasize your most important ideas by placing them in __________________ in your document
a. sequential order b. quotes c. opening positions d. the margins
Which of these verbs is passive?
a. has destroyed b. could have seen c. both of the above d. none of the above