On August 1, Kim Company accepted a 90-day note receivable as payment for services provided to HsuCompany. The terms of the note were $20,000 face value and 6% interest. On October 30, the journal entry torecord the collection of the note should include a
a. credit to Notes Receivable for $20,300
b. debit to Interest Receivable for $300
c. credit to Interest Revenue for $300
d. debit to Notes Receivable for $20,000
c
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The Stockholders' Equity section of Deer Lakes Manor's balance sheet on January 1, 2016, appeared as follows: Common stock, $30 par, 20,000 shares issued and outstanding $ 600,000 Additional paid-in capital—Common 240,000 Retained earnings 700,000 Total stockholders' equity $1,540,000 On March 1, 2016, Deer Lakes reacquired 4,000 shares of common stock at $50 per share. All common shares were
originally sold for $42 each. How much should be reported in the treasury stock account on the March 31, 2016, balance sheet? a. $128,000 b. $168,000 c. $200,000 d. $32,000
SERVQUAL measures the way customers perceive the quality of the service experiences in which five categories?
a. reliability, sympathy, focus, help, and kindness b. reliability, responsiveness, assurance, empathy, and tangibles c. care, speed, focus, kindness, and compensation d. help, speed, feedback, focus, and care
There is no provision for criminal liability under the Securities Act of 1933
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A sole proprietor is free to make any decision he or she wishes concerning the business
Indicate whether the statement is true or false