Representatives of Chemico, Inc, and Petro Products Corporation orallyagree that Chemicowill sell a chemical refinery and the land on which it is situated to Petro. Under the Statute of Frauds, this deal is enforceable by
A) Chemico
B) ?Petro.
C) ?anypotentially interested third party, such as a bank or a title company.
D) ?none of the choices.
D
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Given the following errors, identify the one by itself that will cause the trial balance to be out of balance.
A. A $107 cash purchase of office supplies posted as a $107 debit to Office Equipment and a $107 credit to Cash. B. A $290 cash receipt from a customer in payment of her account posted as a $290 debit to Cash and a $29 credit to Accounts Receivable. C. An $1750 prepayment from a customer for services to be rendered in the future was posted as an $1750 debit to Unearned Revenue and an $1750 credit to Cash. D. A $170 cash receipt from a customer in payment of her account posted as a $170 debit to Cash and a $170 credit to Cash. E. A $390 cash salary payment posted as a $390 debit to Cash and a $390 credit to Salaries Expense.
Your firm decides to increase equity by $1,000,000. Which of the following sets of transactions could NOT be appropriate ledger entries?
A) Increase equity by $1,000,000 and increase long-term assets by $1,000,000 B) Increase equity by $1,000,000, decrease long-term debt by $500,000, and increase inventory by $500,000 C) Increase equity by $1,000,000 and increase inventory by $1,000,000 D) All of the above transactions would be appropriate.
In the world of Big Data, ________ aids organizations in processing and analyzing large volumes of multi-structured data. Examples include indexing and search, graph analysis, etc
Fill in the blanks with correct word
The principle of using the simplest meaningful model possible without sacrificing accuracy is referred to as_____
a. Engel's law b. KISS principle c. Murphy's law d. Ockham's razor