Direct evidence is:
a. always required at trial.
b. sometimes required at trial.
c. evidence that actually proves a point.
d. circumstantial in nature.
e. All of the above
c
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On December 31, 2015, the net assets of Martinez Manufacturing amounted to $40,000. Net income calculated by using the financial capital maintenance concept amounted to $12,000. During the year, additional common stock was issued for $8,000, and $5,000 of dividends was paid. The net assets at January 1, 2015, amounted to
A) $31,000. B) $37,000. C) $20,000. D) $25,000.
If a student turned in an outline and reference page for a speech but failed to include in-text citations in the body of the outline, would this be considered plagiarism? Explain your answer.
What will be an ideal response?
Which of the following is a discounted earnings model?
a. Residual income b. Dividend discount model c. Earning discount d. Free cash flow
The asset account, Supplies, has a balance of $10,000 on January 1. During January, $22,000 of supplies were purchased on account and the liability was appropriately recorded. A count of supplies at the end of January indicates a balance of $2,000. What adjusting entry is necessary at January 31?
A) Supplies Expense 22,000Supplies 20,000Accounts Payable 2,000 B) Supplies Expense 24,000Supplies 24,000 C) Supplies Expense 30,000Supplies 30,000 D) Supplies 30,000Accounts Payable 30,000