Which of the following accounts could increase as a result of adjusting entries?
a. Prepaid Insurance
b. Accounts Receivable
c. Unearned Fees
d. Office Equipment
B
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A demand for U.S. dollars would result from
a. an American tourist visiting the British Museum in London. b. a Japanese investor purchasing German securities. c. Honda, a Japanese auto company, buying land in Alabama. d. Airbus, a European firm, selling jetliners to airlines in South Korea.
Under the Securities Act of 1933, liability is imposed for improper offers and sales when:
A. a person sells his securities to another private party without notifying the Securities and Exchange Commission. B. the investor finds that the registration statement for the security contained an untrue statement. C. a person offers or sells unregistered and nonexempt securities in violation of the Act. D. the issuer inadvertently omits a few material facts in the registration statement.
A positive free cash flow means that a company has funds available to reduce debt or expand operations
Indicate whether the statement is true or false
Unless otherwise agreed, the buyer's payment in a shipment contract is due to the seller when ________
A) shipment is in transit B) goods are delivered C) contract is signed D) shipment is handed over to the carriers