External users of accounting information manage and operate the company.
Answer the following statement true (T) or false (F)
False
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The cost of planting trees and shrubs, installing fences, and paving parking areas are normally charged to the land improvements account and are later depreciated over their expected useful lives
a. True b. False Indicate whether the statement is true or false
On September 12, Ryan Company sold merchandise in the amount of $9800 to Johnson Company, with credit terms of 3/10, n/30. The cost of the items sold is $6000. Ryan uses the periodic inventory system and the net method of accounting for sales. Johnson pays the invoice on September 18, and takes the appropriate discount. The journal entry that Ryan makes on September 18 is:
A.
| Cash | 9800? | |
| Accounts receivable | 9800? |
B.
| Cash | 9506? | |
| Accounts receivable | 9506? |
C.
| Cash | 5820? | |
| Sales discounts | 180? | |
| Accounts receivable | 6000? |
D.
| Cash | 9506? | |
| Sales discounts | 294? | |
| Accounts receivable | 9800? |
E.
| Cash | 6000? | |
| Accounts receivable | 6000? |
If a company sells its 20-year bonds at a discount, how is the discount account reported on the balance sheet?
A) unearned liability B) addition to the bonds payable C) accrued expense D) deduction from bonds payable
Which mechanism for shaping culture would high quality recruitment and training processes be part of?
a. day-to-day leader actions b. social activities and ceremonies c. selection and socialization d. carefully aligned reward system