Toxic, or unconventional water pollutants, are subject to an emission standard known as:
a. best possible technology b. best available technology
c. best conventional technology d. best remedial technology
e. best ambient technology
b
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Last-in, first-out costing matches the most current cost of items purchased against the current sales revenue
a. True b. False Indicate whether the statement is true or false
Dark Corp began operations on March 1, 2016 . The corporate charter authorized issuance of 3,000 shares of $2 par value common stock. Dark sold all of the stock on March 1 . On May 1, Dark repurchased 2,000 of the outstanding shares. On May 14, Dark sold 1,200 of the treasury shares. On June 1, Dark declared a 2-for-1 stock split. As a result of the split, what occurred?
a. Assets declined. b. Stockholders' equity increased. c. Stockholders' equity decreased. d. Total stockholders' equity stayed the same.
On August 1, Party Hearty Company sold merchandise on credit with a list price of $6,300. Terms were 2/10, n/30. Which of the following entries correctly applies the indicated method to receive the appropriate customer payment on August 15?
A) ?Net Price MethodCash 6,174Sales Revenue 126Accounts Receivable 6,300 B) ?Gross Price MethodCash 6,300Accounts Receivable 6,300 C) ?Net Price MethodCash 6,174Accounts Receivable 6,174 D) ?Gross Price MethodCash 6,300Sales Revenue 126Accounts Receivable 6,174
Which journal is not used in the revenue cycle?
a. cash receipts journal b. sales journal c. purchases journal d. general journal