Discount on Notes Payable should be classified as a
A) current asset.
B) contra account to Notes Payable.
C) part of shareholders' equity.
D) companion account to Notes Payable.
B
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A company's balance sheet shows: cash $22,000, accounts receivable $16,000, office equipment $50,000, and accounts payable $17,000. What is the amount of stockholders' equity?
A. $17,000. B. $105,000. C. $29,000. D. $71,000. E. $88,000.
Mary Parker Follett’s contribution to administrative theory was emphasizing the need for worker participation, ______, and ______.
a. shared goals; distinct operating activities b. conflict resolution; fairness c. fairness; shared goals d. conflict resolution; shared goals
A firm's risk can be partitioned into financial risk and business risk. An increase in the financial risk results in a decrease in business risk.
Answer the following statement true (T) or false (F)
The EOQ method of inventory control assumes that usage, or sales rate, of an inventory item is variable
Indicate whether the statement is true or false.