By buying a franchise, the entrepreneur reduces the amount of money available for advertising.
Answer the following statement true (T) or false (F)
False
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A trial balance prepared after adjustments have been recorded is called a(n):
A. Adjusted trial balance. B. Balance sheet. C. Classified balance sheet. D. Unclassified balance sheet. E. Unadjusted trial balance.
Daddy buys an electric car for his 10-year-old son. Daddy follows the directions for assembly carefully, but the son gets an injuring shock when he sits in the car. If Daddy and son sue the manufacturer for negligence, they will:
a. be successful only if they can prove that the car manufacturer knew of the defect and failed to correct it. b. be successful only if they can prove that the car manufacturer failed to use reasonable care in designing, manufacturing, or warning the purchasers about intended uses and foreseeable misuses. c. lose, because the son has no privity of contract and therefore no standing to sue. d. not be successful if the car was sold "AS IS."
Refer to the following bank reconciliation:
Bank Book Balance, June 30, 2017 $11,240 Balance, June 30, 2017 $10,200 Add: Add: Deposit in transit 3,110 Note collected by bank 2,100 Interest revenue 55 Less: Less: Outstanding checks #506 1,200 NSF check 85 Outstanding checks #510 900 Bank service charge 20 ________ ________ Adjusted balance, Adjusted balance, June 30, 2017 $12,250 June 30, 2017 $12,250 Journalize the adjusting entry for the second reconciling item: Interest revenue.
PERT is a network technique similar to CPM, but PERT allows for project crashing, whereas CPM does not
Indicate whether the statement is true or false