A firm has prepared the coming year's pro forma balance sheet resulting in a plug figure in a preliminary statement—called the external financing required—of negative $250,000. The firm may prepare to ________
A) sell common stock totaling $250,000
B) arrange for a loan of $250,000
C) do nothing; the balance sheet balances
D) invest in marketable securities totaling $250,000
D
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Which of the following would not be entered when a cash receipt is recorded in the cash receipts journal?
a. the date; b. the amount of credit to Cash; c. the amount of sales tax payable; d. the amount of credit to Accounts Receivable; e. all of these would be entered
Consumers who are most likely to actively look for and buy products that are environmentally friendly are referred to as ________
A) green customers B) consumed consumers C) societal consumers D) fair traders E) locavores
A government judgment against a defendant for an antitrust violation may be used as prima
facie evidence of liability in a private civil treble damage action. Indicate whether the statement is true or false
A negotiable electronic document of title:
A) is not possible, since a document of title must be in tangible form. B) running to the order of a named person must be indorsed in order to negotiate it. C) may be delivered by voluntarily transferring control rather than by voluntarily transferring possession. D) is tracked by a system of control created and set forth in Revised Article 7 of the UCC.