Bankruptcy is regulated by federal law
a. True
b. False
Indicate whether the statement is true or false
True
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Harper Company lends Hewell Company $40,000 on March 1, accepting a four-month, 6% interest note. HarperCompany prepares financial statements on March 31 . What adjusting entry should be made before the financialstatements can be prepared?
a. Cash 200 Interest Revenue 200 b. Interest Receivable Interest Revenue 800 800 c. Interest Receivable Interest Revenue 200 200 d. Note Receivable Cash 40,000 40,000
In preparing a bank reconciliation, the amount of deposits in transit is deducted from the balance per bank statement
Indicate whether the statement is true or false
Some regulations target specific industries or businesses
Indicate whether the statement is true or false
The acronym DRIP stands for
A) Dividends, Returns, Interest, and Profits. B) Dividend Rates and Income Potential. C) Dividend Reinvestment Plan. D) Dividend Risk and Income Potential.