When a person is adjudged insane, that person loses the ability to enter into contracts
Indicate whether the statement is true or false
TRUE
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On January 1, Imlay Company purchases manufacturing equipment costing $95,000 that is expected to have a five-year life and an estimated salvage value of $5,000. Imlay uses the straight-line depreciation method to allocate costs, and only prepares adjustments at year-end. The adjusting entry needed on December 31 of the first year is:
A. Debit Depreciation Expense, $18,000; credit Equipment, $18,000. B. Debit Depreciation Expense, $9,000; credit Accumulated Depreciation, $9,000. C. Debit Depreciation Expense, $90,000; credit Accumulated Depreciation, $90,000. D. Debit Depreciation Expense, $18,000; credit Accumulated Depreciation, $18,000. E. Debit Depreciation Expense, $9,000; credit Equipment, $9,000.
The FTC rules apply to consumer credit transactions in which the buyer signs a sales contract that includes an order to pay
Indicate whether the statement is true or false
Which of these classifications systems has 23 major groups and 98 minor groups?
a. Dictionary of Occupational Titles b. Guide for Occupational Exploration c. Holland's system d. Standard Occupational Classification System
DLCI stands for ________
A) Dual Link Connection Indication B) Dual Local Connection Indicator C) Dated Link Conductor Indicator D) Data Link Connection Identifier