A mortgage-backed bond means the issuing company has a mortgage on property supporting the bond
Indicate whether the statement is true or false
FALSE
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What journal entry format is appropriate if sales returns and allowances occur on factored accounts?
A) Sales Returns and Allowances XXReceivable from Factor XX B) Receivable from Factor XXFactoring Expense XX C) Sales Returns and Allowances XXFactoring Expense XX D) Factoring Expense XX Sales Returns and Allowances XX
Ron and Gail, owners of Fun-Spot, strive to provide new offerings and entertainment options for their visitors. This type of strategy can be best described as ________
A) market penetration B) market development C) product development D) niche marketing E) diversification
Effective internal control requires a department to purchase supplies on its own
Indicate whether the statement is true or false
In the United States, each state has only a single district court
Indicate whether the statement is true or false