Under UCC guidelines, to require a bank to abide by a postdated check, the drawer must give separate written notice to the bank, describing the check with reasonable certainty and notifying the bank not to pay the check until the date on the check
Indicate whether the statement is true or false
TRUE
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A company provided $12,000 of consulting services on account. The customer promises payment in 30 days. Identify the journal entry below that properly records this transaction.
A.
| Accounts Payable | 12,000 | |
| Consulting Services Revenue | 12,000 |
B.
| Accounts Receivable | 12,000 | |
| Consulting Services Revenue | 12,000 |
C.
| Accounts Payable | 12,000 | |
| Cash | 12,000 |
D.
| Consulting Services Revenue | 12,000 | |
| Cash | 12,000 |
E.
| Cash | 12,000 | |
| Consulting Services Revenue | 12,000 |
The Federal Trade Commission which enforces federal antitrust and consumer protection laws is an example of a(n) ________
A) independent federal administrative agency B) government-aided organization C) law enforcement agency D) cabinet-level federal department
The international market for bonds has grown at a slower rate as compared to the international stock markets.
Answer the following statement true (T) or false (F)
In the EOQ model, the carrying cost on inventory should include the required rate of an investment
in inventory. Indicate whether the statement is true or false