A 60-day, 12% note receivable for $20,000, dated May 20, is discounted at the bank on June 9 at 15%. The number of days in the discount period is 20
Indicate whether the statement is true or false
False
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Green Company reports depreciation expense of $49,000 for Year 2. Also, equipment costing $167,000 was sold for a $5900 gain in Year 2. The following selected information is available for Green Company from its comparative balance sheet. Compute the cash received from the sale of the equipment. At December 31Year 2Year 1Equipment$655,000? $822,000? Accumulated Depreciation-Equipment 464,000? 545,000?
A. $42,900. B. $86,000. C. $37,000. D. $31,100. E. $49,000.
A(n) ____________________ is a chronological record of all transactions entered into by a business
Fill in the blank(s) with correct word
Revenue and expense balances are transferred from the adjusted trial balance to the income statement.
Answer the following statement true (T) or false (F)
Which of the following statements is false about research findings related to the life cycle theory?
A. Telling and selling behaviors are more effective when motivation and confidence are high. B. The theory's predictions are supported only for low readiness situations. C. Actual leaders use the recommended combinations more than 50 percent of the time. D. The theory's predictions are not supported for high readiness situations. E. The shifting nature of its predictions has made scientific testing somewhat difficult.