Freewalt Co purchased investments for $160,000 cash. The journal entry to record this transaction that correctly shows the outflow of cash is:
A) Investments 160,000 Cash 160,000
B) Cash 160,000 Investments 160,000
C) Investments 160,000 Purchases 160,000
D) Purchases 160,000 Investments 160,000
A
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Which is true about internal service desks?
A. They should strive to provide unlimited customer service. B. They tend to be underfunded. C. They tend to charge for their services. D. They cost more to run than external service desks.
Kim purchased a one-year property insurance policy. She agreed to pay half the premium when she bought the coverage, and the other half six months later
If Kim fails to pay the second premium, the insurer cannot sue her for the premium because insurance contracts are A) unilateral contracts. B) contracts of adhesion. C) personal contracts. D) aleatory contracts.
Instead of minutes to an organizational meeting, ________ may be used to approve the resolutions of the corporate organizers.
A. a unanimous writing in lieu of an organizational meeting B. bylaws C. an agreement of incorporators D. a preincorporation agreement
Packet switching networks
a. can provide virtual circuits b. do not waste bandwidth when no data is being transmitted c. use bandwidth more efficiently than circuit switching networks d. all of the above