Which of the following is true of checks?
A. It is a two-party instrument.
B. It is always payable on demand.
C. It requires that the drawer is holding the drawee's money.
D. It necessitates that the seller has to be both the drawer and the payee.
B
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A metasearch engine is
A) a highly specialized directory that focuses on a specific subject matter area. B) a search engine that examines only newsgroup messages. C) a type of aggregator that offers subscribers all-day information on their desktops. D) a special type of engine that searches several search engines at once. E) a search engine that can access the hidden Internet.
All of the following are included in the acquisition cost of property, plant, and equipment except:
a. transportation costs b. taxes on the purchase c. installation costs d. maintenance costs
On January 1, 2019, Burton Sales issued $23,000 in bonds for $35,800. These are eight-year bonds with a stated rate of 9% and pay semiannual interest. Burton Sales uses the straight-line method to amortize the bond premium. Immediately after the issue of the bonds, the ledger balances are as follows:
After the first interest payment on June 30, 2019, what is the balance of Premium on Bonds Payable? (Round your intermediate answers to the nearest dollar.)
A) debit of $800
B) debit of $14,400
C) credit of $235
D) credit of $12,000
When a company earns revenue before it receives cash, the company should always increase the ________ account
a. Goodwill b. Cash c. Receivable d. Common Stock