Clay that has been made into pottery is personal property
Indicate whether the statement is true or false
True
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Which of the following is true of price changes?
A) Over-demand leads to companies initiating price cuts. B) Changes in price do not affect a brand's image. C) Customer reaction to price changes is not as important as competitor reaction. D) A drop in price can adversely affect how consumers view the brand. E) Excess capacity is a factor that causes increases in price.
An asset that cost $24,000 and has accumulated depreciation of $18,000 is sold for $5,200. The entry to record the sale includes
A) no gain or loss. B) a debit to Loss on Sale of Asset for 800. C) a credit to Loss on Sale of Asset for 18,800. D) a credit to Gain on Sale of Asset for 800.
Seitel's four-part formula for writers tells us to ________
A) start with an idea before you start writing B) avoid making drafts C) add fancy words and abstract ideas D) target as many people as possible
All bank memos reported on the bank reconciliation require entries in the company's accounts
Indicate whether the statement is true or false