The estimate based on sales method violates the matching principle
Indicate whether the statement is true or false
False
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In the liquidity-preference model, the nominal interest rate is represented on the vertical axis and the quantity of money is represented on the horizontal axis. Hence,
A. the money demand curve slopes downward and the money supply curve is vertical. B. the money demand curve slopes upward and the money supply curve is horizontal. C. both the money demand and money supply curve slope downward. D. both the money demand and money supply curve slope upward.
By law, employers are required to use time cards to track employee work
Indicate whether the statement is true or false
Pense Co purchased 40% of the stock of Stretch Co in Year 1 for $100,000 . Stretch had net income in Year 1 of $50,000 and net income in Year 2 of $30,000 . Stretch also paid total dividends of $20,000 in Year 2 . On January 1, Year 3, Pense Co sold its investment in Stretch Co to GE Capital Corporation (GE) for $130,000 . What entry would Pense Co make to record the sale of Stretch Co?
a. Cash 130,000 Gain on Sale 6,000 Investment in Stretch 124,000 b. Cash 130,000 Loss on Sale 2,000 Investment in Stretch 132,000 c. Cash 130,000 Loss on Sale 10,000 Investment in Stretch 140,000 d. Cash 130,000 Loss on Sale 30,000 Investment in Stretch 160,000 e. Cash 130,000 Loss on Sale 20,000 Investment in Stretch 150,000
The__________is charged with enforcing regulations against selling and distributing adulterated, misbranded, or hazardous food
Fill in the blanks with correct word.