A deed in which the grantor of real property transfers whatever interest he or she has in the property to the grantee is known as a ________
A) quitclaim deed
B) general warranty deed
C) grand deed
D) special warranty deed
A
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Which of the following is an independent entity comprising 15 members and a full-time professional staff that specifies acceptable accounting principles known as IFRS?
a. FASB b. IASB c. SEC d. GAAP
Requiring a person to appear in a lineup does not violate the Fifth Amendment privilege against self-incrimination
a. True b. False Indicate whether the statement is true or false
On September 12, Ryan Company sold merchandise in the amount of $5,800 to Johnson Company, with credit terms of 2/10, n/30. The cost of the items sold is $4,000. Johnson uses the periodic inventory system and the net method of accounting for purchases. The journal entry that Johnson will make on September 12 is:
A.
| Merchandise inventory | 5,800 | |
| Accounts payable | 5,800 |
B.
| Accounts payable | 4,000 | |
| Merchandise inventory | 4,000 |
C.
| Purchases | 5,800 | |
| Accounts payable | 5,800 |
D.
| Merchandise inventory | 5,684 | |
| Accounts payable | 5,684 |
E.
| Purchases | 5,684 | |
| Accounts payable | 5,684 |
What does the upper-echelons theory propagate?
What will be an ideal response?