________ was the stock market's worst one-day drop in history in the 1980s
A) Black Friday
B) Black Monday
C) Blackout Day
D) none of the above
B
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The OE/S process sends the ______________________________ notification to the billing/accounts receivable/cash receipts process to notify that process of a pending shipment
Fill in the blank(s) with correct word
An account you would not expect to find under the heading of "Current Assets" in a chart of accounts is
a. Merchandise Inventory; b. Accounts Receivable; c. Cash; d. Supplies; e. Purchases.
Manhattan Company recorded an adjusting entry to accrue interest owed of $1300 as of December 31, Year 1. When the related note was paid during Year 2, the company paid $2450 in interest. Which of the following journal entries correctly records this Year 2 transaction? (Assume that the entry to record the payment of the note itself was recorded in a separate journal entry.)
A.
| Interest expense | 2450? | |
| Cash | 1300? | |
| Interest payable | 1150? |
B.
| Interest expense | 1150? | |
| Interest payable | 1300? | |
| Cash | 2450? |
C.
| Interest expense | 2450? | |
| Cash | 2450? |
D.
| Interest expense | 1150? | |
| Cash | 1150? |
A partnership is easier to form, operate, and terminate than a proprietorship.
Answer the following statement true (T) or false (F)