The Dow Jones Industrial Average is based on the movement of 500 stocks, primarily from the NYSE
Indicate whether this statement is true or false.
Answer: FALSE
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Indicate the group of words in which the number or numbers are correctly expressed. Which is correct?
A) $5, $2.43, and $4.99 B) $5.00, $2.43, and $4.99
To make your business messages more readable, you can do which of the following?
A) Add footnotes. B) Incorporate numbered and bulleted lists. C) Include a bibliography at the end. D) Eliminate white space.
Which of the following models is a picture or drawing of reality?
A) physical model B) schematic model C) scale model D) mathematical model E) analytical model
Answer the following statements true (T) or false (F)
1. To ensure consistency, a good internal control policy would be to have the same person who grants credit be in charge of writing off bad debts. 2. The simplest way to account for an uncollectible account is to use the allowance method. 3. When writing off an account using the direct write-off method, the journal entry would include a debit to Bad Debt Expense. 4. The direct write-off method for accounting for bad debts is the preferred method under US GAAP. 5. The direct write-off method always adheres to the matching principle.