A company pays $360 for a yearly trade magazine on August 1. The adjusting entry on December 31 is debit Unearned Subscription Revenue, $150 and credit Subscription Revenue, $150
Indicate whether the statement is true or false
False
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Major court cases over the last two decades have proven that laws on ethical misconduct are extremely difficult to enforce
Indicate whether the statement is true or false
________ imposed minimum funding standards to guard against underfunded pensions
Fill in the blanks with correct word
Indicate whether each of the following statements about financial statement analysis is true or false.Working capital is a measure of the amount of current assets a company would have left after paying its current liabilities.If a transaction causes a company's working capital to increase, the transaction caused the company to become less liquid.Interpretation of a company's current ratio can be difficult because it is an absolute amount.The quick ratio is a more conservative variation of the current ratio.The quick ratio is usually calculated by using the following equation: cash + receivables + current marketable securities รท current liabilities.
What will be an ideal response?
The mentor of a class researched the number of hours spent on study in a week by each student of the class in order to analyze the correlation between the study hours and the marks obtained by each student. The data on the hours spent per week by 25 students are listed below. 13 14 16 15 12 12 19 21 22 19 13 16 18 25 21 17 18 23 16 12 24 20 14 22 15 a. What is the least amount of time a student spent per week on studying in this sample? The highest?b. Use a class width of 2 hours to prepare a frequency distribution, a relative frequency distribution, and a percent frequency distribution for the data.c. Prepare a histogram and comment on the shape of the distribution.
What will be an ideal response?