Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement. The [broker | dealer] market is made up of both the NASDAQ market and the OTC market.
b
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When merchandise is sold and the perpetual system of inventory is used, the journal entry for a sale would include
a. debiting Accounts Receivable and crediting Sales. b. debiting Accounts Receivable and crediting Merchandise Inventory. c. debiting Accounts Receivable and crediting Cost of Goods Sold. d. debiting Cost of Goods Sold and crediting Sales.
Insider trading is considered patently fair and ethical because it encourages employees to work hard to get access to company information.
Answer the following statement true (T) or false (F)
The mission statement should be customer oriented and focused on satisfying basic customer needs and wants.
Answer the following statement true (T) or false (F)
Flax had net sales of $7,875 and its average accounts receivables is $1,250. Calculate Flax's accounts receivable turnover:
What will be an ideal response?