With reference to #42, what if the area was diverse prior to Christian's efforts and remained diverse after the homes were sold?
A)?The Fair Housing Act requires proof that the conduct resulted in exclusion on the basis of race, religion, or national origin
B)?The Fair Housing Act applies because brokers are not permitted to solicit throughout neighborhoods
C)?The Fair Housing Act does not apply to statements about bedbugs
D)?None of the above
A
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At the end of the period, the physical count of inventory reveals that $15,000 worth of inventory is on hand. What is the amount of cost of goods sold?
A company that uses the periodic inventory system provided the following information: 1. Beginning inventory $5,000 2. Purchases $140,000 3. Purchase discounts $2,300 4. Purchase returns and allowances $600 A) $127,100 B) $142,100 C) $157,100 D) $137,100
Norman Co. had $5,925 million in sales and $1,155 million in ending accounts receivable for the current period. For the same period, Opal Co. reported $5,885 million in sales and $790 million in ending accounts receivable. Calculate the days' sales uncollected for both companies as of the end of the current period and indicate which company is doing a better job in managing the collection of its receivables.
What will be an ideal response?
GBH, an accounting firm, was hired to prepare financial statements for E-treme. Great State Bank has asked to see GBH's working papers since it is thinking about extending a $4 million line of credit to E-treme. Which of the following statements is correct?
a. GBH can show the bank the working papers because Great State Bank has a proper purpose. b. GBH can show the bank the working papers because Great State Bank is a known third party. c. GBH cannot show the bank the working papers under any circumstances as they are not finalized. d. GBH cannot show the bank the working papers unless E-treme gives permission.
Maintaining good controls over merchandise inventory ensures that inventory purchases are properly authorized and accounted for by the accounting system
Indicate whether the statement is true or false