The bookkeeper of Wilson Electric Supply Company recorded a $1,591 check as $15,910 in payment of the current month's rent. Which of the following journal entries is needed to adjust for this error in the books of the company?
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In examining customers during the IMC planning context analysis, the easiest group to study is:
A) current customers B) former customers C) potential new customers D) competitors' customers
Which of the following would be an example of cash outflows from investing activities?
a. cash paid for new equipment; b. cash paid for inventory; c. cash paid for dividends; d. cash paid for interest on a mortgage; e. cash paid for income taxes
Which of the following accounts would not appear on the balance sheet of a lessee company recording a capital lease?
A) Accumulated depreciation on the leased asset. B) Capital lease liability in the current liability section. C) Capital lease liability in the long-term liability section. D) Rent expense on the leased asset.
Diversified Corporation's articles of incorporation prohibit a sale of its assets without a vote of the board of directors. Diversified's officers sell some assets to Enterprise Company without notice to the board. The officers also fail to pay Diversified's taxes on time, and some Diversified funds are not accounted for. With respect to Diversified's shareholders, this conduct is most likely A)
not oppressive because it is undertaken by Diversified's officers. B) oppressive because Diversified's directors may be personally liable. C) oppressive because Diversified's shareholders may be personally liable. D) oppressive because it departs from the standards of fair dealing.