The journal entry for the receipt of a cash payment on common stock subscriptions would include
a. debiting Cash and crediting Common Stock Subscriptions Receivable.
b. debiting Cash and crediting Common Stock.
c. debiting Common Stock and crediting Common Stock Subscriptions Receivable.
d. debiting Common Stock Subscriptions Receivable and crediting Common Stock.
a
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On November 19, Nicholson Company receives a $15,000, 60-day, 8% note from a customer as payment on account. What adjusting entry should be made on the December 31 year-end? (Use 360 days a year.)
A. Debit Interest Receivable $1,200; credit Interest Revenue $1,200. B. Debit Interest Revenue $200; credit Interest Receivable $200. C. Debit Notes Receivable $140; credit Interest Revenue $140. D. Debit Interest Receivable $140; credit Interest Revenue $140. E. Debit Notes Receivable $140; credit Interest Receivable $140.
A marketing plan
A. is a combination of several marketing strategies. B. must cover a one-year period. C. includes the time-related details for implementing a marketing strategy. D. consists of a target market and an appropriate marketing mix. E. All these answers are correct.
Which of the following statements is true of fraud in the execution?
A) It occurs when a party intends to make a contract based on a false statement of terms. B) It occurs when a party does not intend to sign a contract, as the nature of the writing is not understood. C) It refers to a party forced to sign a contract under duress. D)It occurs when a party signs a contract based on an innocent misrepresentation.
An entity needs to be examined according to normalization criteria before creating a table from it in the relational database design
Indicate whether the statement is true or false