Credit sales are recorded by crediting Accounts Receivable.

Answer the following statement true (T) or false (F)


False

Business

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In the case of a sale reported under the installment method, gain is recognized in each year the seller collects on the installment contract.

Answer the following statement true (T) or false (F)

Business

_______________ allow an individual employee to buy a certain amount of stock in the company at a specified future point.

A. Stock purchasing plans B. Stock options plans C. Employee stock ownership plans D. Employer stock sales plans E. Company-funded retirement funds

Business

Only 20 percent of small businesses survive after five years of operation

Indicate whether the statement is true or false

Business

The correlation coefficient will always take values

A. greater than 0. B. between -1 and 0. C. between -1 and +1. D. less than -1.

Business