A(n) ________ is a type of contract that requires or authorizes goods to be delivered and accepted in separate lots
A) option contract
B) installment contract
C) consignment
D) lease contract
B
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Payroll entries are made with data from the
a. wage and tax statement b. employee's earning record c. employer's quarterly federal tax return d. payroll register
West Company declared a $0.50 per share cash dividend. The company has 190,000 shares issued, and 10,000 shares in treasury stock. The journal entry to record the payment of the dividend is:
A. Debit Retained Earnings $95,000; credit Common Dividends Payable $95,000. B. Debit Retained Earnings $90,000; credit Common Dividends Payable $90,000. C. Debit Common Dividends Payable $95,000; credit Cash $95,000. D. Debit Retained Earnings $5,000; credit Common Dividends Payable $5,000. E. Debit Common Dividends Payable $90,000; credit Cash $90,000.
Which of the following is/are not true regarding the operations of a charitable organization?
a. might prepare financial statements that compare inflows (for example, contributions) with outflows b. there would be no calculation of net income c. purpose is to provide services to its constituents d. purpose is to seek profits. e. all of the above
Attorneys advise clients on what they must do to defend themselves in the court of public opinion
Indicate whether the statement is true or false