One example of a long-arm statute is diversity jurisdiction

Indicate whether the statement is true or false


F

Business

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On October 1, 2015, Jacob's Beach Umbrellas borrowed $5,000 on a 12%, one-year note payable. Interest was payable semiannually. A correct adjusting entry was made on December 31, 2015, and a correct reversing entry was made on January 1, 2016. The entry that should be made on March 31, 2016, is

A) Interest Payable 300Cash 300 B) Interest Expense 150Interest Payable 150Cash 300 C) Interest Expense 150Cash 150 D) Interest Expense 300Cash 300

Business

When a company views and organizes its marketing activities from only the consumer's point of view, it is practicing societal marketing

Indicate whether the statement is true or false

Business

Which one of the following is an intangible asset?

a. Equipment b. Land c. Equity d. Goodwill

Business

Uniform Supply accepted a $4,800, 90-day, 10% note from Tracy Janitorial on October 17. What entry should Uniform Supply make on December 31, to record the accrued interest on the note?

A. Debit Cash $120; credit Interest Revenue $100; credit Interest Receivable $20. B. Debit Interest Receivable $20; credit Interest Revenue $20. C. Debit Cash $100; credit Notes Receivable $100. D. Debit Interest Receivable $100; credit Interest Revenue $100. E. Debit Cash $20; credit Notes Receivable $20.

Business